RBI New Rules 2026 | Home Loan, Car Loan, Personal Loan Update Tamil | Yuvarani
By Yuvarani
Summary
## Key takeaways - **Floating vs Fixed Rates**: Floating interest rate changes with market rates, while fixed interest rate stays constant regardless of market fluctuations. [01:08], [02:26] - **Prepayment Definition**: Prepayment means paying extra towards your loan principal before the scheduled tenure. [03:52], [04:57] - **Prepayment Penalties Explained**: Banks currently charge penalties on prepayments to compensate for lost interest income. [05:22], [06:11] - **No Penalties from 2026**: RBI rules from 2026 eliminate prepayment and foreclosure charges for all borrowers. [06:32], [10:38] - **No Lock-In Periods**: Starting January 2026, no mandatory lock-in periods enforced by regulated banks. [09:22], [09:24]
Topics Covered
- Floating beats fixed rates
- Fixed rates lock predictability
- Prepayment charges burden early payoff
- Regulated banks ban prepayment fees
Full Transcript
Fore banken for YouTube because starting
Number one floating interest rate.
Number two fixed interest rate. So
floating interest rate first floating interest rate. Floating
interest rate.
Floating interest rate.
If in case.5
interest rate so if in case same% So floating interesting interest rate.
So fixed interest. So fixed interest rate.
fixed interest. So fixed interest rate.
So, for example, Fixed interest rate.
Okay.
already.
The prepayment prepayment prepayment 20 prepayment overcess.
Prepayment charges.
Okay. Prepayment
for char.
Okay.
Something Fore charges for pre-closure.
meaning pre-closure charges prepayment charges.
Preclosure char.
Prepayment charges pre-closure charges homeay charges. Fore
charges. Fore Prepayment charges.
bank but four already payes Prepayment forlo payment for char.
lock in period.
But in the for but regulated commercial bankural bankance Great relief
actually.
But great relief, prepayment charges, foreclosure charges.
Number one point.
So, so updates It's changed.
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