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Personal loans are set to become costly

September 6th, 2010 Contributor No comments

Personal loans are set to become costly. Many banks have hiked rates on home, auto, education and personal loans for existing borrowers by up to 75 basis points. The lenders have hiked interest rates consequent to the hike in repo and reverse repo rates by the Reserve Bank of India (RBI).
The RBI, in its [...]

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