Which of the following statements about a Reserve Bank of India (RBI) directive to banks on repayment of home loans is/are correct ? - Study24x7
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Harsh Vardhan Singh
14 Mar 2023 04:22 PM study24x7 study24x7

Which of the following statements about a Reserve Bank of India (RBI) directive to banks on repayment of home loans is/are correct ?

A

Banks cannot charge penalty on pre-payment of home loans

B

Rate of penalty charged by all banks on pre-payment of home loans must be the same

C

RBI will determine the rate of penalty charged by banks on pre-payment of home-loans

D

Penalty charged by banks on pre-payment of home loans should depend on the amount and tenure of the loan

Banking
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