09 April 2020
Though under revised RBI guidelines the exposure money of the bank to NBFC has been revised from 15% to 20% but there is no minimum rate of interest for lending the money by Non Banking Finance Companies which means the same is negotiable between both the contracting parties.
10 April 2020
Dear Sir NBFC interest rate policy Co-origination of loans by Banks and NBFCs for lending to priority sector Example 1 Blended interest rate calculations Bank NBFC Benchmark Interest Rate 8% 9% Spread 2% 3% Interest rate to consumer 10% (A) 12% (B) 2 more rows•Sep 21, 2018
10 April 2020
RBI announces average base rate for NBFCs.
The Reserve Bank of India announced the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 1, 2020 at 8.76 per cent.
11 April 2020
This is an academic query. Author has not mentioned how he is concerned or what are the the facts of the problem?. No Minimum rate of interest to be charged by NBFC is fixed. RBI announces average base rate for NBFCs.
12 April 2020
What are the charges that a customer is supposed to pay for the loan that he takes from an NBFC-MFI?
A customer needs to know that there are only three components in the pricing of a loan viz. the interest charge, the processing charge and the insurance premium (which includes the administrative charges in respect thereof). An NBFC-MFI cannot levy any charges apart from the three mentioned above.
13 April 2020
The NBFC has to display prominently the borrowing and lending rate(s) of interest in terms of guidelines issued by Reserve Bank of India, if you are interested in borrowing. Prima facie it is an academic topic for time pass debate, where no dispute is involved for consideration and obligation of experts.