business attention borrowers rbi s faq clarifies banks must offer fixed interest rate for all personal loans

Attention Borrowers! Rbi's Faq Clarifies Banks Must Offer Fixed Interest Rate For All Personal Loans With Emis

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The RBI has made it mandatory for banks to offer fixed interest rates on all personal loans with EMIs. This new regulation aims to protect borrowers from rising interest rates and negative amortization. See how this affects your personal loan options.