Prepayment of loan Current Affairs, GK & News

NHAI signs pact with SBI for a long-term unsecured loan to tune of Rs 25,000 crore

The National Highways Authority of India (NHAI) has signed pact with the State Bank of India (SBI) for a long-term unsecured loan to the tune of Rs 25,000 crore. This is SBI’s highest long-term unsecured loan to any entity and also the largest ever loan sanctioned to NHAI. There is no principal repayment liability for ..


Stop foreclosure penalty on home loans: RBI

Reserve Bank of India asked banks to forthwith stop charging penalty on pre-payment of home loans taken on floating interest rates. RBI held in its notification that abandoning prepayment penalty on home loans would lead to reduction in the bias between existing and new borrowers. The action can aid in finer pricing of the floating ..