Tag Archives: RBI norms for personal loans

New RBI norms make it tough to get multiple personal loans – Times of India

New RBI norms make it tough to get multiple personal loans – Times of India

MUMBAI: Retail borrowers will find it difficult to over-leverage by obtaining multiple personal loans in the new year. A new norm, that requires lenders to update credit bureau records within 15 days instead of one month earlier, is kicking in. With records being updated every two weeks, fewer borrowers will qualify for multiple loans.The directive to lenders and credit bureaus …

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