RBI New Rule ,No More Prepayment Charges on Business Loans – A Big Win for MSMEs!
Struggling with high loan prepayment fees? The Reserve Bank of India (RBI) just made a game-changing decision that will save small businesses and individuals thousands of rupees. Starting January 1, 2026, banks and financial institutions cannot charge prepayment penalties on floating-rate business loans taken by individuals and micro, small & medium enterprises (MSMEs). No More … Read more