A big update has come out for the borrowers. Let us tell you that new rules have been changed by the Reserve Bank of India. In this way, new guidelines have also been issued for the borrowers. If you want to take a loan, then it is important for you to know this new rule. These new rules were implemented after the deadline of June 30 came closer. Now let us tell you in detail how effective the new rules recently issued by RBI for loan takers can prove to be.
RBI’s new rules regarding new loans
Some new rules have been issued for the borrowers, in which changes have also been made regarding the EMI schedule, such as the prepayment option, that is, the new rules can provide different prepayment options, which can be beneficial for all the borrowers, there will be many benefits from this new change, changes have also been made for grievance redressal, on lone borrowers registering their complaints, it will be resolved immediately, documentation will also be made available in an easy process now
RBI had earlier made changes regarding check bounce in which some restrictions were imposed but let us tell you that no setting information has been revealed in this yet but recently new rules have been made by RBI in which very easy rules have been made for the loan takers like earlier the civil score used to get updated, it used to take some time but now its speed has increased, apart from this some such changes have also been made which can be beneficial for the loan takers, apart from this, if your loan is rejected then in such a case the exact reason will also be visible to the bank