Скачать или смотреть Huge Relief to Customers Paying Loan EMIs

This is Expected to Give Huge Relief to Customers Paying Loan EMIs.

In this notification RBI has mentioned the three important points.

Let's understand in this video

a) Suppose your loan sanction date or agreement date is 15 June

But you received the loan disbursement on 15th July

In this case, many banks take 15 June as the date for the calculation of Interest

RBI says no more

The disbursement date will be considered from now

b) Now let’s say you pay EMI on the 12th or even disbursement happened on the 12th of the month

But again few Banks were taking Interest for the whole month and not only the period of loan outstanding

Again, RBI says no more

c) In many cases, Banks were already taking 1 or more EMI Instalments in advance

But they were taking interest in the full loan amount. Not good, right?

So RBI says no more

You can’t charge interest on the full amount and only charge on the outstanding loan.