Current Affairs · Banking and Finance
In February 2025, RBI released revised guidelines on digital lending transparency. What was mandated?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Standardization of EMI tenures to 12/24 months
- 2Removal of prepayment penalties
- 3Cap on processing fees at 1%
- 4Display of Annual Percentage Rate (APR) on all loan documents✓
Correct answer
Display of Annual Percentage Rate (APR) on all loan documents
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