RBI Asks Lenders To Merge Loan Processing Fees, Documentation Charges Into Actual Interest Rates – News18

By
vipulpatil40
-
0
19
RBI Asks Lenders To Merge Loan Processing Fees, Documentation Charges Into Actual Interest Rates – News18


RBI Governor Shaktikanta Das.

RBI Governor Shaktikanta Das stated this may present prospects with a transparent thought of the particular annualised rate of interest they pay on the mortgage

To improve transparency on mortgage info for debtors in key details assertion (KFS), the Reserve Bank of India (RBI) on Thursday stated mortgage processing charges, documentation charges, and different fees must be loaded into the precise rates of interest. RBI Governor Shaktikanta Das stated this may present prospects with a transparent thought of the particular annualised rate of interest they pay on the mortgage.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on numerous points associated to markets, financial system and firms. Having a decade of experi…Read More



Source hyperlink