July 3, 2025

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RBI Bans Prepayment Charges on Business Loans: Rediff Moneynews

  • July 2, 2025

RBI directs banks to stop levying pre-payment charges on business loans for individuals and MSEs, effective January 1, 2026. New rules aim to improve access to affordable financing. Mumbai, Jul 2 (PTI) The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for

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