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What are the rates of interests charged on such loans?

April 26, 2017charged Loans rates

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What are the rates of interests charged on such loans?

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While interest on loans up to Rs.2 lakhs against NRO/NRE fixed deposit accounts will be charged two percent above the rates paid by banks for the concerned deposits, repayment of loans will have to be made either by adjustment of the deposits or by fresh remittances from abroad. Bank shall decide interest on loans above Rs. 2 lakhs.