RBI's 2026 Directive: No Prepayment Charges on Floating Rate Loans RBI 2026 ಹೊಸ ನಿಯಮ: ತೇರ್ ತೀರಕ ಋಣಗಳಿಗೆ ಪೂರ್ವ ಪಾವತಿಗೆ ದಂಡವಿಲ್ಲ
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| RBI's 2026 Directive No Prepayment Charges on Floating Rate Loans RBI 2026 |
The Reserve Bank of India (RBI) has shared a big update. From July 1, 2026, there will be no prepayment charges on floating rate loans. This rule will help many people in India.
At SARKARI SEVA KENDRA, we think this is good news. You can visit us at www.sangeethaonline.in. You can also mail us at spkseva@gmail.com or call +918880888012 for help.
What is a floating rate loan?
A floating rate loan has a changing interest rate. The rate moves up or down with market rates. Many home loans and personal loans are floating rate loans.
ತೇರ್ ತೀರಕ ಋಣವು ಬದಲಾಗುವ ಬಡ್ಡಿ ದರವನ್ನು ಹೊಂದಿರುತ್ತದೆ. ಮಾರುಕಟ್ಟೆ ದರಗಳೊಂದಿಗೆ ದರವು ಹೆಚ್ಚಾಗುತ್ತದೆ ಅಥವಾ ಕಡಿಮೆಯಾಗುತ್ತದೆ. ಅನೇಕ ಮನೆ ಸಾಲಗಳು ಮತ್ತು ವೈಯಕ್ತಿಕ ಸಾಲಗಳು ತೇರ್ ತೀರಕ ಸಾಲಗಳಾಗಿವೆ.
People choose these loans because they can pay less when rates drop. But when rates rise, they pay more.
Why no prepayment charges on floating rate loans?
Before, banks charged extra if you paid off your loan early. This was called a floating rate prepayment penalty.
RBI said this was unfair. People should be free to pay back early. Now, they can close loans without paying a fee.
ಹಿಂದೆ, ನೀವು ನಿಮ್ಮ ಸಾಲವನ್ನು ಮುಂಚಿತವಾಗಿ ತೀರಿಸಿದರೆ ಬ್ಯಾಂಕುಗಳು ಹೆಚ್ಚುವರಿ ಶುಲ್ಕವನ್ನು ವಿಧಿಸುತ್ತಿದ್ದವು. ಇದನ್ನು ತೇರ್ ತೀರಕ ಪೂರ್ವ ಪಾವತಿ ದಂಡ ಎಂದು ಕರೆಯಲಾಗುತ್ತಿತ್ತು.
At SARKARI SEVA KENDRA, many people ask about this. We guide them on how to save money. You can reach us at spkseva@gmail.com or check www.sangeethaonline.in for more info.
Who will get help from this new rule?
1. Individual borrowers
If you have a home or personal loan, you can now plan to repay early. No more extra costs.
ನೀವು ಮನೆ ಅಥವಾ ವೈಯಕ್ತಿಕ ಸಾಲವನ್ನು ಹೊಂದಿದ್ದರೆ, ನೀವು ಈಗ ಮುಂಚಿತವಾಗಿ ತೀರಿಸಲು ಯೋಜನೆ ಮಾಡಬಹುದು. ಇನ್ನು ಹೆಚ್ಚುವರಿ ವೆಚ್ಚಗಳಿಲ್ಲ.
At SARKARI SEVA KENDRA, we help people understand this change. Many clients ask, "no prepayment charges on personal loan?" Yes, from 2026, there will be no charges on floating rate personal loans.
2. Micro and small businesses
Small business owners can pay off loans early. They can also switch to other banks. This saves money.
ಸಣ್ಣ ವ್ಯವಸ್ಥಾಪಕರು ಸಾಲಗಳನ್ನು ಮುಂಚಿತವಾಗಿ ತೀರಿಸಬಹುದು. ಅವರು ಇತರ ಬ್ಯಾಂಕುಗಳಿಗೆ ಬದಲಾಯಿಸಬಹುದು. ಇದು ಹಣವನ್ನು ಉಳಿಸುತ್ತದೆ.
We help many small businesses at SARKARI SEVA KENDRA. Contact us on +918880888012.
3. Financial advisors
Advisors can now help people plan better. Early payments mean lower interest costs.
If you are an advisor, visit www.sangeethaonline.in for guides. You can also mail us at spkseva@gmail.com.
4. Banks and lenders
Banks need to change their loan papers. They must remove the prepayment fee clause.
This will build more trust with customers.
How to calculate floating rate loans?
Many people ask, "how to calculate floating rate loans?"
The interest rate changes with market rates. Your monthly payment, called EMI, can change.
ಬಡ್ಡಿ ದರವು ಮಾರುಕಟ್ಟೆ ದರಗಳೊಂದಿಗೆ ಬದಲಾಗುತ್ತದೆ. ನಿಮ್ಮ ಮಾಸಿಕ ಪಾವತಿ, EMI ಎಂದು ಕರೆಯಲ್ಪಡುವುದು, ಬದಲಾಗಬಹುದು.
For example, if your loan rate is 9% today and it drops to 8%, your EMI gets lower.
You can ask us at SARKARI SEVA KENDRA to help check your rate. Our website www.sangeethaonline.in has tools and guides.
Can I prepay my floating rate loan today?
Right now, some banks still charge prepayment fees. From July 1, 2026, you can prepay anytime without extra cost.
ಇದೀಗ, ಕೆಲವು ಬ್ಯಾಂಕುಗಳು ಇನ್ನೂ ಪೂರ್ವ ಪಾವತಿ ಶುಲ್ಕವನ್ನು ವಿಧಿಸುತ್ತವೆ. ಜುಲೈ 1, 2026 ರಿಂದ, ನೀವು ಹೆಚ್ಚುವರಿ ವೆಚ್ಚವಿಲ್ಲದೆ ಯಾವುದೇ ಸಮಯದಲ್ಲಿ ಪೂರ್ವ ಪಾವತಿ ಮಾಡಬಹುದು.
Many people want to wait until 2026 to save money. You can plan with our team at SARKARI SEVA KENDRA. Mail us at spkseva@gmail.com.
What about fixed rate loans?
This new rule does not apply to fixed rate loans.
If you have a fixed rate loan, banks may still charge a fee. Always check your loan papers or ask your bank.
ಈ ಹೊಸ ನಿಯಮವು ನಿಗದಿತ ದರದ ಸಾಲಗಳಿಗೆ ಅನ್ವಯಿಸುವುದಿಲ್ಲ.
At SARKARI SEVA KENDRA, we help you understand your loan type.
Should I wait to prepay?
You should check if paying now will save money.
If your bank charges high fees today, you might wait until 2026. But if the fee is low, you can still consider paying early.
ನೀವು ಈಗ ಪಾವತಿಸುವುದು ಹಣವನ್ನು ಉಳಿಸುತ್ತದೆಯೇ ಎಂದು ಪರಿಶೀಲಿಸಬೇಕು.
Talk to us at SARKARI SEVA KENDRA. We can help make a simple plan.
What does this mean for small businesses?
Small businesses can grow faster. They can free up money by paying off loans early.
This helps them buy stock, hire staff, or expand.
ಸಣ್ಣ ವ್ಯವಸ್ಥೆಗಳು ವೇಗವಾಗಿ ಬೆಳೆಯಬಹುದು. ಅವರು ಸಾಲಗಳನ್ನು ಮುಂಚಿತವಾಗಿ ತೀರಿಸುವ ಮೂಲಕ ಹಣವನ್ನು ಮುಕ್ತಗೊಳಿಸಬಹುದು.
We help many business owners at SARKARI SEVA KENDRA with these steps. Visit www.sangeethaonline.in to learn more.
What is a prepayment charge?
A prepayment charge is a fee when you pay your loan before the set time.
It was used to cover bank losses. But it was a burden on borrowers.
ಪೂರ್ವ ಪಾವತಿ ಶುಲ್ಕವು ನೀವು ನಿಗದಿತ ಸಮಯದ ಮೊದಲು ನಿಮ್ಮ ಸಾಲವನ್ನು ಪಾವತಿಸಿದಾಗ ಒಂದು ಶುಲ್ಕವಾಗಿದೆ.
From 2026, this charge will go away on floating rate loans.
What should I do next?
- Check your loan type — floating or fixed.
- Ask your bank about prepayment fees today.
- Make a plan for 2026.
- Read RBI FAQs at RBI FAQs.
- Check guides on www.sangeethaonline.in.
Why is this good for people?
People get freedom. They can pay faster and save on interest.
It helps families reduce stress and plan for other needs.
ಜನರಿಗೆ ಸ್ವಾತಂತ್ರ್ಯ ಸಿಗುತ್ತದೆ. ಅವರು ವೇಗವಾಗಿ ಪಾವತಿಸಬಹುದು ಮತ್ತು ಬಡ್ಡಿಯನ್ನು ಉಳಿಸಬಹುದು.
At SARKARI SEVA KENDRA, we always support better loan terms for people. You can call +918880888012 for free advice.
Conclusion
The RBI's new rule on no prepayment charges on floating rate loans is a big step.
It gives power back to borrowers. It helps people and small businesses save money.
ತೇರ್ ತೀರಕ ಸಾಲಗಳಿಗೆ ಪೂರ್ವ ಪಾವತಿ ಶುಲ್ಕಗಳಿಲ್ಲ ಎಂಬ RBIಯ ಹೊಸ ನಿಯಮವು ದೊಡ್ಡ ಹೆಜ್ಜೆಯಾಗಿದೆ.
From July 2026, you can close your floating rate loan without fear of extra fees.
We at SARKARI SEVA KENDRA are ready to guide you. Mail us at spkseva@gmail.com or visit www.sangeethaonline.in.
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