MSMEs will be allowed to prepay loans without paying foreclosure penalty: RBI

While some banks do not impose any foreclosure charges on MSMEs, a few banks continue to do so. In most cases, foreclosure charges are between 2 perc cent-5 per cent of the pre-payment amount excluding taxes

Oct 10, 2024 - 00:26
 0  1
MSMEs will be allowed to prepay loans without paying foreclosure penalty: RBI
While some banks do not impose any foreclosure charges on MSMEs, a few banks continue to do so. In most cases, foreclosure charges are between 2 perc cent-5 per cent of the pre-payment amount excluding taxes

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