Wednesday, June 28, 2017
Know more about Interest on Loans
Thursday, June 22, 2017
Money lenders
- https://en.wikipedia.org/wiki/Moneylender
- http://indiatoday.intoday.in/story/village-money-lenders-continues-to-be-an-indispensable-source-of-credit/1/348123.html
- There must be one law for the whole of India towards lending money on interest. on loans, debts, and there must be a limit .Now the rate goes to 2.5 to 3 p.c and sometimes compounded and charged on a daily basis.
- Such things are done in the banks, and other financial institutions and the common man and gullible people are taken for a ride.
- Why the common man and layman suffer because of these people and institutions?
- They offer you a loan of Rs,1000/ and they take Rs. 100 in ADVANCE and give only Rs. 900/- repayable every Saturday by 10 instalments.
- You can find out the interest rate by calculating.
- The lender will visit and collect the instalment surely.
- such things are prevalent in every nook and corner.
- I wish the Central Govt takes this matter as urgent and pass one law for the whole of India.
- If given a chance and the loop hole and opportunity this can go even up to 50 or 75 percent too.
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