Actual interest rate on loans in Key Fact Statement: When a borrower takes a loan from a bank or NBFC, apart from interest rate, the lender levies other charges as well such as documentation charges, processing fees etc. Now the lender is required to inform all the charges levied on loan upfront to the prospective buyer. This announcement was made by the RBI governor today while announcing the monetary policy decisions.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.