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For Personal Loans, RBI Issues New Norms With 2 Key Changes See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
Bank on
For personal loans
New norms with
Reserve bank
Equated monthly instalment
Regulated entities
Floating interest rate
Fair lending practice
Loan accounts
Loan account
Personal loan
Rbi personal loans
SBI unveils pre-approved personal loan: Here s how to avail it
Banks give pre-approved personal loans without asking any questions throughout the loan application process.
New delhi
Customers of the state bank
State bank
Pre approved personal
Avail now
State bank of india
Rbi personal loans
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