Newcastle BS cuts large loan rates Newcastle Building Society has lowered rates in its large loan mortgage proposition by up to 0.3%. Rates start from 4.45% and allow consideration of up to 100% of ...

A detailed personal loan agreement between a lender and borrowers, outlining disbursement, repayment terms, joint liability, default clauses, and confidentiality.

The RBI has also said that whether prepayment charge will be levied or not, its information should be clearly mentioned in the sanction letter and loan agreement.

This rule applies whether the loan has a co-obligant or not. The RBI has clarified that, no pre-payment charges will be levied on floating rate loans taken by individuals for non-business purposes.

Okhla Bird Sanctuary was once a jewel on the East Asian Flyway. Now bird numbers have dropped, habitats are degraded, and visitors are mostly morning walkers, couples, and reel-makers.

And that lenders will also have to clearly disclose the applicability of pre-payment charges in the sanction letter and loan agreement.

This rule applies whether the loan has a co-obligant or not. The RBI has clarified that, no pre-payment charges will be levied on floating rate loans taken by individuals for non-business purposes.

In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loan sanctioned to individual borrowers with or without ...