Is your bank taking you for a ride over loan taken? From October, look for this key metric
Borrowers will have more clarity on their loan costs with the help of key facts statement (KFS) to be issued by banks and non-banking financial companies (NBFCs) from October 1. The Reserve Bank of India (RBI) directed banks to provide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make … Read more