RBI’s New Policy on Pre-Payment Charges
Source: FE Context: The Reserve Bank of India (RBI) has barred lenders from levying pre-payment charges on floating-rate loans availed by individuals and Micro and Small Enterprises (MSEs). This directive comes into effect from 1 January 2026. About RBI’s New Policy on Pre-Payment Charges: What are Pre-Payment Mechanisms? Pre-payment refers to the early repayment of …
