personal loan

RBI’s New Personal Loan EMI Rules to Benefit Borrowers from April 2025

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rbi’s new personal loan emi rules

The Reserve Bank of India (RBI) has introduced new rules to make personal loans more transparent and borrower-friendly. The changes, effective from April 2025, focus on how lenders manage Personal Loan EMI payments, prepayment charges, and loan disclosures. These updates aim to protect borrowers from hidden fees and ensure fair lending practices. EMI Changes Now … Read more

RBI Personal Loan Rules 2025: New Draft Brings Relief from Prepayment Charges

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rbi personal loan rules 2025

The Reserve Bank of India (RBI) has proposed new rules for personal loans that could significantly benefit borrowers. A draft circular released in February 2025 focuses on reducing or removing prepayment charges, especially for floating-rate personal loans. If finalized, these rules could offer more flexibility to those looking to close their loans early. Floating-Rate Loans … Read more