Maximum amount that cn be charged as interest in india
Answers
Answered by
3
While using peer to peer lending platform in India, there are various rules and regulation followed by the each different private lending companies. According to me, LenDenClub offers investors maximum higher returns up to 35% per annual as well as borrowers is charged 12.5% to 35% interest rate while borrowing money.
Answered by
2
There are many ways for transaction of money, lending the money in India. Different states are bound to different rules. The income of the person who wants to lends the money need to be 70% of his annual income and need to have the licence.
About 35% per annum money is available to lend through a very leading platform known as Lendbox. It the leading through RBI is involved then not more than 21% interest is charged.
Similar questions