Home/Blog/Credit Health/Prepayment & Credit Score Credit Health · CIBIL Score Will Prepaying a Loan Improve Your Credit Score? Closing a loan early feels like the responsible move — and it usually is. But if you’re expecting an instant CIBIL score jump, here’s what 22+ years of my underwriting has taught me about what actually moves […]
Will Prepaying a Loan Improve Your Credit Score? 2026 Guide Read More »
The Core Rule No bank, NBFC, or housing finance company can charge prepayment or foreclosure penalties on floating-rate home loans taken by individual borrowers. This applies to partial prepayments, full foreclosures, and balance transfers — regardless of the funding source or co-borrowers. Enforced since 2012; comprehensively reinforced via the RBI (Pre-payment Charges on Loans) Directions, 2025, effective
RBI Rules on Home Loan Prepayment 2026: What Every Borrower Must Know? Read More »
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