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Private sector lenders like ICICI Bank and Bandhan Bank and public sector banks like Punjab National Bank (PNB) and Bank of India (BOI) have revised their marginal cost of lending rate (MCLR) with effect from December 1, 2023. Read here to know what is the latest MCLR rate of ICICI Bank, PNB, Bank of India and Bandhan Bank. ....
Starting next year, fintech firms can only charge a maximum of 0.3% interest per day for a loan intended for consumption which will fall to 0.1% in 2026, the country s Financial Services Authority (OJK) said. Currently the maximum is 0.4% interest per day. ....
Owning a two-wheeler is not just a mode of transport; it's a symbol of convenience and freedom for millions of Indians. Whether you're a college student commuting to campus, a professional navigating through city traffic, or someone looking for a budget-friendly way to get around, a two-wheeler can be the perfect solution. If you're considering purchasing a bike but don't have the immediate funds, fret not! Two-wheeler loans offer a hassle-free way to finance your ride. In this comprehensive guide, we'll walk you through the process of applying for a two-wheeler loan online in India, including bike loan eligibility criteria and interest rates. ....
The MCLR-based rates will now range between 8% and 8.75%. The bank revised Benchmark Prime Lending Rate to 14.95% from 14.85%, effective from September 15, 2023. ....