Hellow guys, Welcome to my website, and you are watching Prepayment Penalty on Loans #finance #bank #education. and this vIdeo is uploaded by Tejas Joshi Finance at 2022-08-18T01:22:32-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Prepayment Penalty on Loans #finance #bank #education |
| Video Uploader | Video From Tejas Joshi Finance |
| Upload Date | This Video Uploaded At 18-08-2022 08:22:32 |
| Video Discription | 馃敻As the name suggests, pre-payment is a facility offered by some banks to help a borrower repay their loan before their actual repayment tenure as per the loan documents. The pre-payment can be done in parts or in full. 鉃★笍RBI Guideline:- 1. In terms of which banks are not permitted to charge foreclosure charges / pre-payment penalties on home loans / all floating rate term loans sanctioned to individual borrowers. 2. In this connection, it is clarified that banks shall not charge foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-obligant(s). Source:- RBI, icici . . . . . . . . . #bank #loanofficer #loan #personalloan #moneymanagement #financialeducation |
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