Reserve Bank of India
RBI’s New Rules Make Personal Loans HARDER to Get! Check What’s Changed!
The RBI has introduced new personal loan rules, making it harder to secure multiple loans. Starting January 1, 2025, banks will update credit reports every 15 days instead of monthly, allowing lenders to assess borrowers' financial health in real-time. This move aims to curb over-leveraging and loan defaults. Borrowers must now maintain a good credit score and manage debts responsibly to improve loan approval chances.
ATM Withdrawals to Cost More from May 1 – Know the New Charges & Free Limits
Starting May 1, 2025, ATM withdrawals and balance inquiries will cost more. Cash withdrawals will be ₹19, and non-financial transactions ₹7 after free limits. Learn about new charges, metro vs non-metro rules, expert advice, and ways to avoid these fees using digital banking alternatives. Get the full guide here.
Loan Rules: Revised RBI Regulations Empower Micro-Finance Firms to Offer Loans Openly
The Reserve Bank of India (RBI) has revised microfinance lending rules, allowing MFIs and NBFCs to offer loans more openly. Key changes include lower risk weights, deregulated interest rates, and enhanced credit flow to NBFCs. Additional protections ensure responsible lending and borrower transparency. This move encourages financial inclusion and promotes economic growth, benefiting both lenders and borrowers. Learn how these changes impact your finances and explore opportunities for better loan access.
