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Prepayment Charges on Loan Terminated After Default Becomes Unsustainable: DRT Partly Allows ₹12.38 Lakh Kotak Mahindra Bank Claim [Read Order]

The Debts Recovery Tribunal, Delhi has held that pre-payment charges cannot be recovered if the loan agreement has already been terminated on ...

EMI Calculator - Personal Loan - taxscan

How EMI Calculator is Important while Getting a Personal Loan?

RBI to enhance - Transaction Limit of Digital Payments - RBI Governor - TAXSCAN

RBI to enhance Transaction Limit of Digital Payments; says RBI Governor

Disallowance of interest component on EMI paid to Non-Banking Financial Companies u/s 40(a)(ia) of...

Cash Payment of Defaulted EMI Instalment to Financier after Cheque Bounce is “Reasonable Cause”:...

Why a Longer Repayment Personal Loan is a Must-Have Choice for Everyone?

While taking a personal loan, an individual must consider many factors. The interest on the loan, repayment tenure and documents to be submitted are a few of those factors. Personal loan lenders let...

Longer Repayment Personal Loan -Repayment Personal Loan -personal loan - loan - Taxscan

GST applicable on Credit Card EMI Interest: Calcutta HC [Read Order]

The Calcutta High Court, while considering a writ petition by an individual, held that the Integrated GST is applicable on the interest component of the Equated Monthly Instalments (EMIs) of a loan...

New RBI Rules: Salary, Pension, EMI Payment Rules to Change Next Month

In a major relief to the Bank Customers, the Reserve Bank of India (RBI) has issued fresh guidelines and changed the rules of the National Automated Clearing House (NACH). From August 1, the bank...

RBI Rules - Salary - Pension - EMI Payment Rules to Change Next Month - Taxscan

SC seeks RBI’s response on Plea against Interest on Loans amid COVID-19 Lockdown [Read Petition]

The Supreme Court on Friday sought the RBI's response on a plea challenging charging interest on loans, even after the central bank ordered a three-month moratorium on the payment of EMIs. The plea...

Interest will be charged by Credit Card issuer on Unpaid Amount:RBI issues FAQs on Moratorium for EMI

Last week, the Reserve Bank of India (RBI) announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association...

GST payable on Penal Interest for Delayed Loan EMI: AAR [Read Order]

The Advance Ruling Authority (AAR), Maharashtra has held that the penal interest collected by the Bajaj Finance Limited, an Indian financial services company, from it’s customers for delayed payment...