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PRE PAYMENT PENALTIES
Adani Group will start business in big way in US because allegations have been withdrawn: Senior Advocate HP RaninaThe US Department of Justice has permanently dismissed criminal fraud charges against Gautam and Sagar Adani. This decision, following a pa...
RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
RBI proposes to do away with pre-payment levy on business loans taken by individuals/MSEsThe RBI has proposed eliminating foreclosure charges or pre-payment penalties on all floating rate loans for individuals and MSEs, includin...
Reserve Bank of India firm on scrapping pre-payment penaltyBanks are seen to be discriminatory between retail and big corporate clients who often armtwist lenders to charge them lower because of the...
'Banks need to do away with pre-payment penalty on loans'Banks should discontinue pre-payment penalty on home and auto loans and do away with the practice of imposing charges on customers for fail...
- Stop charging pre-payment penalty on home loans: RBI to RRBs
The Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...
- Stop charging prepayment penalty on home loans: RBI to banks
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...
- RBI asks banks not to levy pre-payment charges on home loans
Removal of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.
- Punjab & Sind Bank abolishes prepayment fines on housing loans
Punjab & Sind Bank on Wednesday said it has abolished pre-payment penalties on housing loans for all types of borrowers with immediate effe...
- Punjab & Sind Bank abolishes prepayment fines on housing loans
Punjab & Sind Bank today said it has abolished pre-payment penalties on housing loans for all types of borrowers with immediate effect.
- Floating rate customers to benefit from dip in rates
Floating rate home loans, which did not reflect market rates when they fell, would now become more faithful to their name.
- SBI abolishes penalty on pre-payment of housing loans
State Bank of India has decided to abolish pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their ...
- NHB to soon abolish pre-payment penalty on home loans
In a big relief to home loan borrowers from housing finance companies, regulator NHB today said it will soon come out with a directive to a...
- RBI sets its face against pre-payment penalty
If implemented, this would erode one of the key elements of easy profits for banks which charge as much as 2% of the loan amount in some ca...
- PSBs may waive pre-payment penalty on home loans
Public sector banks (PSB) are considering a suggestion to waive pre-payment penalty for home loans up to Rs 20 lakh. Realty: Good news on i...
- Pre-payment penalty on home loans may go
Cash-rich borrowers of state-run banks could soon be able to repay their home loans either in part or full without facing any penalty.