Shreyaa Kapoor Instagram – If you have a home loan, this information could potentially make you money! 😌
It is extremely common for banks to not give back property documents even when the home loan is fully paid off! 🤌🏼
After numerous complains to the RBI – here is the silver lining:
The Reserve Bank of India (RBI) has ordered banks and NBFCs to release all original property documents which have been kept as collateral, within 30 days of full payment of loans failing which the bank will face financial penalty.🙌🏼
This penalty is as high as INR 5,000 a day for the delay!
So if you are planning to pay back you loan anytime after 1st Dec, 2023 – this rule applies to you! 🌱
Know your rights and share this information with all the future home owners in your group!✨
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{home loan, property, loan, RBI, Home loan tips} | Posted on 25/Nov/2023 20:00:08
