SKS Microfinance Ltd, India’s leading lender in the microfinance sector, announced to the stock exchanges that it is lowering the maximum interest rate it charges to its borrowers across the country. It will now charge a flat rate of 12.5% or an effective rate of 24.55% to all borrowers. It has also waived off all other charges such as credit shield charge, loan processing fee and card fees. Continue Reading →
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