No Foreclosure Charges /Prepayment Penalty on Floating Rate Term Loans for non business purposes – RBI
August 3, 2019
RBI
No Foreclosure Charges /Prepayment Penalty on Floating Rate Term Loans for purposes other than business to individual borrowers – RBI In 2012, RBI in terms of the Monetary Policy Statement 2012-13 mandated that banks will not be permitted to charge foreclosure charges/pre-payment penalties on home loans on floating …