Economics · Non-Banking Financial Companies
Under the regulatory framework governing the pricing of microfinance loans by NBFC-MFIs, which components can be included in the total cost charged to the borrower?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Processing charge, upfront security margin, and pre-payment penalty fee
- 2Interest charge, compulsory security deposit, and administrative membership fee
- 3Interest charge, hidden service tax, and un-itemized documentation fee
- 4Interest charge, processing fee, and actual insurance premium for credit life insurance✓
Correct answer
Interest charge, processing fee, and actual insurance premium for credit life insurance
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