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Are there any limits on borrowings through the platform as per the directions?

By IndianMoney , 8 months ago

The RBI directions, under sub-parts 3 of its Prudential Norms, state that a borrower can't avail more than Rs. 10,00,000 as a loan across all platforms. Further, he can't borrow more than Rs. 50,000 from a single lender across all platforms.

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