Sunday, December 13, 2015

NBFC-MFIs: Revision of the loan amount with tenure not less than 24 months

The RBI has extended the limit of the loan amount for NBFC-MFIs, for which the tenure of the loan shall not be less than 24 months, has been raised to ₹ 30,000/- from the present limit of ₹ 15,000. All loans necessarily be prepaid without any penalty, as hitherto.

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