Micro Financing Business vs Ceiling on Interest Rates

Micro Financing Business vs Ceiling on Interest Rates

Information 18.11.2017   0 Comments   1075  Add to Reading List

Miniaturized scale Financing Business versus Ceiling on Interest Rates 

1 NBFC-MFI (1) The normal base rate of five biggest business banks duplicated by 2.75 for every annum 

(2) cost of assets in addition to edge top of 10% for MFIs having credit portfolio above ` 100 crore 

what's more, 12% for those with advance portfolio not exactly ` 100 crore 

The lower of (1) and (2) 

2 Nidhi Company Maximum Rate of Interest on Loan = 7.5% + Maximum rate offered on stores. 

3 Multistate agreeable Society Decided and Approved by the Board of Directors 

4 NBFC-ND The rate important to be charged by the organization is represented by the terms and 

states of the credit understanding went into between the borrower and the NBFCs 

5 Micro Finance Company-Sec-8 (1) The normal base rate of five biggest business banks duplicated by 

2.75 for every annum 

(2)cost of assets in addition to edge top of 10% for MFIs having credit portfolio above ` 

100 crore and 12% for those


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