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