RBI's 5 Big Loan Rule Changes From April 1: Zero Prepayment, Faster CIBIL

• RBI introduces 5 new rules effective from 2026 to improve transparency and borrower convenience.
• Customers can now add up to four nominees in bank accounts and lockers, enhancing financial security.
• Credit scores (CIBIL) will be updated weekly (7th, 14th, 21st, 28th) instead of monthly, allowing faster reflection of payments.
• From January 1, 2026, no prepayment or foreclosure charges on floating-rate loans like home, car, education, and personal loans.
• Jewellers get extended repayment tenure for Gold Metal Loans (GML) from 180 to 270 days, improving liquidity.