Nhb Asks Housing Finance Companies To Pay Interest On Advance Emis

business nhb asks housing finance companies to pay interest on advance emis

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The National Housing Bank (NHB) has mandated that housing finance companies (HFCs) must pay interest to borrowers on advance EMI payments held in sundry accounts, aligning with fair lending practices. NHB is also urging HFCs to prioritize borrower quality over advance collections to mitigate default risks.

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