Shares of lenders fall as RBI moots zero foreclosure fee
- Posted on February 24, 2025
- By Financial Express
- 9 Views
Shares of lenders fall as RBI moots zero foreclosure fee
Currently, retail borrowers face a penalty of 4-5% on the outstanding principal for prepaying personal loans, while MSMEs are required to pay loan foreclosure or pre-payment charges in the range of 2-4%.
