RBI’s New Rules Against Fake Interest Charges on Loans
With inflation at its peak, saving money from salaries has become increasingly difficult for common people. As a result, many individuals turn to banks for loans. However, borrowers often find themselves trapped by complex loan terms and conditions. It is crucial for individuals to carefully read and understand all terms before taking out a loan. Recently, RBI has taken a significant decision to address this issue.
Stricter Guidelines on Loan Interest Rates
RBI issued strict instructions against fake interest charges on loans on April 29. Banks, as well as private institutions like NBFCs, often burden borrowers with numerous conditions and high interest rates. The new rules set by RBI aim to prevent financial institutions from overcharging borrowers with fake interest rates. This decision marks a significant step towards protecting borrowers from unfair loan practices.
Changes in Loan Recovery Practices
Prior to RBI’s recent decision, banks and NBFCs would start collecting money from borrowers as soon as the check was issued and the agreement signed. However, under the new rules, interest will only be charged from the day of loan disbursement. This means that borrowers will no longer be charged interest for the period between check issuance and loan processing. The new guidelines aim to make loan repayment more transparent and fair for borrowers.
Addressing Advance EMI Charges
Many banks and private institutions often require borrowers to pay EMIs in advance. While RBI does not oppose this practice, interest charged on advance EMIs should be proportional to the total loan amount. This ensures that the money taken in advance is deducted from the loan amount. The recent guidelines by RBI aim to ensure that borrowers are not unfairly burdened with extra interest charges on advance EMIs.
आजकल महंगाई इस कदर बढ़ गई है कि सामान्य लोगों के लिए अपनी सैलरी से बचत करना मुश्किल हो रहा है। पैसे की जरूरत होने पर लोग विभिन्न प्रकार के बैंकों में जाकर ऋण लेते हैं। लेकिन कई बार ऐसा होता है कि ऋण लेने वाले कंपनी के फंदे में फंस जाते हैं। इसलिए सुझाव दिया जाता है कि जब भी ऋण लिया जाए, सभी शर्तें ध्यान से पढ़ी जाएं। अब इस बारे में RBI ने एक बड़ा निर्णय लिया है। जी खबर, नई दिल्ली, RBI नए नियम ऋण पर ब्याज अधिक लेने के खिलाफ: RBI ने नकली ब्याज के खिलाफ सख्त निर्देश दिए हैं। आपको बताया जाता है कि 29 अप्रैल को RBI ने ऋण ब्याज दर पर एक निर्णय लिया था। निजी संस्थानों (एनबीएफसी) से बैंकों तक, वे आपसे इतनी शर्तें करवा देते हैं कि आपको ऋण का बोझ उठाना सबसे मुश्किल काम लगता है। अब RBI द्वारा नियम जारी किए गए हैं, जिसके बाद बैंक आपसे ऋण पर नकली ब्याज नहीं ले पाएंगे।