Borrower may switch from floating interest to fixed interest rate loan & vice versa number of times specified by bank
January 16, 2025
RBI
Banks to specify number of times a borrower may be allowed to switch over from floating interest rate loan to a fixed interest rate loan and vice versa – RBI issues FAQs RBI, vide Circular dated 18.08.2023, had issued guidelines for “Reset of Floating Interest Rate on Equated …