This decision aims to provide financial flexibility. It allows early loan repayment without penalties. MSMEs can now reallocate funds to ot...

The Reserve Bank of India's draft guidelines for foreclosure on home loans, loans against property, and SMEs could boost competition among ...

The RBI has proposed eliminating foreclosure charges or pre-payment penalties on all floating rate loans for individuals and MSEs, includin...

"While positive for customers, the RBI's move will have a negative impact on the profitability of lenders, and could also potentially incre...

Central bank governor’s announcement to cover floating rate term loans sanctioned to individual borrowers for non-business purposes.

Indian Bank special FDs come with interest rates up to 8% per annum. These schemes had a deadline by which investors had to invest.

Personal loan can be availed for any reason including any purpose like vocational courses, home renovation, medical emergency, or to travel...

Indian Bank has extended the "IND SUPER 400 DAYS" special fixed deposit and raised its interest rates by 10 basis points.

Foreclosure charges are part of the fee income for any lender and adds to its bottomline.

To foreclose an existing home loan and to be debt free you need to keep the required documents handy and follow these steps.

RBI said banks should consider allowing their borrowers the facility of prepaying floating rate term loans without any penalty in the inter...

Both the direct interest and prepayment charges were held by the tribunal to fall within the definition of the term interest and allowable ...

The Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...

In a relief to borrowers, the RBI today asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating int...

Removal of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.

The Reserve Bank of India has expressed its displeasure with a section of banks levying high prepayment penalty on foreclosure of housing l...

The Reserve Bank of India may ask banks to ease foreclosure burden if borrowers are willing to prepay loan.