Advice Centre News: We have prepared an easy guide for you to go through if you're planning to purchase a new car and are confused about the loan EMI process, take a read
RBI has invited comments from various stakeholders on the draft guidelines on “Fair Lending Practice - Penal Charges in Loan Accounts” by May 15, 2023.
RBI hopes that a higher EMI on an existing loan or a costlier new loan would dissuade enough people from borrowing money to fund future economic activity