Attention borrowers! RBI’s FAQ clarifies banks must offer fixed interest rate for all personal loans with EMIs
The RBI has made it mandatory for banks to offer fixed interest rates on all personal loans with EMIs. This new regulation ...
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FAQs on circular on ‘Reset of Floating Interest Rate on EMI based Personal Loans’
Ans: The options prescribed vide circular on ‘Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans’ dated August 18, 2023 shall be allowed for housing loans ...
Lenders must offer fixed interest rate product on EMI-based loans: RBI FAQs
RBI mandates lenders to offer fixed interest rates on personal loans with options to switch, subject to applicable charges.
Mandatory for banks to offer customers fixed interest rate product: RBI's FAQs
The Reserve Bank of India has mandated banks to provide fixed interest rate options for all equated installment based ...
India’s inflation likely eased to 5.3% in December: Mint poll
Economists expect inflation to continue easing in the coming months, increasing the likelihood of a rate cut in the policy ...