In recent times, it has become increasingly difficult to fulfill all your needs and desires solely with your salary or other sources of income. As a result, people often need to take out various types of loans to meet different expenses. For instance, home loans are used for purchasing residential property, car loans for buying …
New RBI Guidelines: Changes in Loan-taking Rules from October 1st, 2024
If you’re considering taking out a loan in the near future, it’s essential to stay informed about the recent Reserve Bank of India (RBI) guidelines for loan regulations. Effective from October 1, these changes will impact certain types of loans, particularly those in the Retail and MSME (Micro, Small & Medium Enterprises) sectors. In this …