The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'.
SBI offering gold loan at 7.5% interest rate - know how to apply on YONO app step by step - Gold loans are the safest and secured loan taken by the borrower from a lender in lieu of their gold ornaments or other gold items as collateral.
SBI customers alert! State Bank of India is giving Personal Loan of Rs 14 lakh to these account holders - SBI is offering pension loans to senior citizens including Central and State Govt Pensioners, Defence Pensioners and family pensioners at a good rate.