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RBI Bans 0% EMI Loans, Says Customers Must Be Told Real Interest Rate

Now I look really ignorant, so I will first say, Sorry. And apologies to Economic Times.

I had said in an earlier post that ET was probably inventing the story that 0% EMIs will be banned, but they are now officially in a no-no land, with RBI’s new notification. It really says three things: 1. Pass On The Benefits, Charge Full Interest Banks tell you . . .

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