The central bank said all lending institutions will have to furnish all the charges, like processing fees and documentation charges, that are levied on the interest rate on a loan in the Key Fact Statement (KFS).
In today’s business landscape, companies are now gravitating towards DaaS and computer leasing fixed-cost strategies as a means to maintain a lean fixed cost structure
Not just housing loans, credit card outstanding and other personal loans also have been rising as many consumers went into spend now-pay later mode. This while borrowings by industry have slowed
During the initial pilot phase, the platform will emphasise various financial products including Kisan Credit Card loans up to Rs 1.6 lakh per borrower, Dairy Loans, unsecured MSME loans, personal loans, and home loans, all facilitated through participating banks