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Personal loans in India: Features and Benefits
high rate of interest up to 60% City Finance Charged 55% and GE Money upto 30.01 Flat rate as per reducing balance method 60% and more ICICI Bank 42% reducing bal .RBI has no control so they charged any rate I have taken loan from ICICI Bank and count the montly installment 4928 but actully it cames up to Rs 4858 /- loan aggreement not send suddanny when complient made to RBI thay told you have signed aggriment I suggest to RBI to control on the rate of interest
Ghodekar Prashant (Posted: Jul 12, 2008)



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