No prepayment fee for floating rate loans

  • 23:54
  • Published On: September 10, 2011
Cinema View
Embed
In a step aimed at those thinking of prepaying their home loans to lessen the EMI burden, the Reserve Bank of India (RBI) has directed banks not to impose pre-payment charges on floating rate loans. The RBI said banks are better placed to manage interest rate risks than customers.

Related Videos

Row Over Adani Group: Parliament Disrupted Again, Other Top Stories
February 03, 2023 21:27
Real Estate Sentimental Post RBI Hike
December 09, 2022 24:40
RBI Increases Repo Rate By 35 Basis Points - Will This Impact Housing Sales?
December 09, 2022 7:32
The Biggest Stories Of June 08, 2022
June 08, 2022 13:29
Yes Bank Crisis: Who Is Responsible?
March 06, 2020 4:32
Yes Bank Crisis: SBI To Invest , Get 49% Stake
March 06, 2020 4:44
Yes Bank Crisis: PMC Redux? Who Will Help Distressed Depositors?
March 06, 2020 3:34
The Big Fight: The Yes Bank Meltdown
March 06, 2020 51:55
PMC Bank Crisis: Where Is The Money?
October 06, 2019 47:13
RBI Cuts Key Interest Rate Week Before Polls, Loans Set To Be Cheaper
April 04, 2019 2:21
RBI Had Objections To Notes Ban, Agreed In "Public Interest", Reveals RTI
March 11, 2019 2:31
Government Worried About RBI's Hawkish Monetary Stance: Report
October 30, 2018 0:49
  • "What Type Of Person...": Revanth Reddy's Big Claim Against Allu Arjun
    December 22, 2024 2:39

    "What Type Of Person...": Revanth Reddy's Big Claim Against Allu Arjun

  • One Killed, 15 Feared Trapped After Building Collapses In Mohali
    December 22, 2024 2:28

    One Killed, 15 Feared Trapped After Building Collapses In Mohali

  • Shinde Gets Three Key Maharashtra Ministries, Ajit Pawar Secures Finance Ministry
    December 22, 2024 2:36

    Shinde Gets Three Key Maharashtra Ministries, Ajit Pawar Secures Finance Ministry

  • Pushpa 2: The Rule' Crosses The Rs 1000 Cr Mark Domestically
    December 21, 2024 1:33

    Pushpa 2: The Rule' Crosses The Rs 1000 Cr Mark Domestically

  • The Biggest Stories Of December 21, 2024
    December 21, 2024 16:47

    The Biggest Stories Of December 21, 2024

  • Christmas In London: Live Music, Treats & Elevated Shopping Experiences
    December 21, 2024 22:56

    Christmas In London: Live Music, Treats & Elevated Shopping Experiences

  • Empowering Women Through USHA Silai Schools
    December 21, 2024 21:25

    Empowering Women Through USHA Silai Schools

  • 15 Feared Trapped After Building Collapses In Punjab, Army Joins Rescue Op
    December 21, 2024 3:34

    15 Feared Trapped After Building Collapses In Punjab, Army Joins Rescue Op

  • PM Modi's Historic Kuwait Visit: Bridging Ties Across the Gulf
    December 21, 2024 4:02

    PM Modi's Historic Kuwait Visit: Bridging Ties Across the Gulf

  • Devendra Fadnavis Keeps Home, Eknath Shinde Gets 3 Maharashtra Ministries
    December 21, 2024 2:44

    Devendra Fadnavis Keeps Home, Eknath Shinde Gets 3 Maharashtra Ministries

  • Maharashtra Deputy CM Eknath Shinde Visits Deekshabhoomi In Nagpur
    December 21, 2024 6:21

    Maharashtra Deputy CM Eknath Shinde Visits Deekshabhoomi In Nagpur

  • Bridging The Gulf: Modi And The Middle East
    December 21, 2024 24:33

    Bridging The Gulf: Modi And The Middle East

  • Houthi Missile Strikes Tel Aviv, Injuring 14 in Escalating Middle East Conflict
    December 21, 2024 3:10

    Houthi Missile Strikes Tel Aviv, Injuring 14 in Escalating Middle East Conflict

  • The Show Where MPs Debate: MPs From North Discuss Issues
    December 21, 2024 28:36

    The Show Where MPs Debate: MPs From North Discuss Issues

  • Russia Hit by 9/11-Style Drone Attack, Multiple Buildings Damaged
    December 21, 2024 2:27

    Russia Hit by 9/11-Style Drone Attack, Multiple Buildings Damaged

  • Tragedy at German Christmas Market: Car Attack Kills 2
    December 21, 2024 0:35

    Tragedy at German Christmas Market: Car Attack Kills 2

  • "Have Come To Celebrate Your Achievements": PM To Indians In Kuwait
    December 21, 2024 20:01

    "Have Come To Celebrate Your Achievements": PM To Indians In Kuwait

  • Mahesh Langa In Police Custody: Court Grants 4-day Remand For Economic Offences
    December 21, 2024 0:38

    Mahesh Langa In Police Custody: Court Grants 4-day Remand For Economic Offences

  • 55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
    December 21, 2024 3:10

    55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts

  • "Misinformation, Character Assassination": Actor Allu Arjun On Stampede Row
    December 21, 2024 9:32

    "Misinformation, Character Assassination": Actor Allu Arjun On Stampede Row

  • Join The Journey Towards #BalVivahMuktBharat
    December 21, 2024 1:39:48

    Join The Journey Towards #BalVivahMuktBharat