Apr 15, 2020
Covid19 has had a definite impact on the lending practices in the country, especially related to interest rates and relaxation. Find out more at mymoneykarma.
These loans are all part of the Covid-19 package which was recommended by the RBI. However, as you may know, these are for the maximum time of 36 to 60 months. Three large banks of the country like Bank of India, Bank of Baroda and the Union Bank of India are already known to have lowered their interest rates by around 200 basis points for loans.