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SCOUT· 31%28m·2026-08-05·News Politics
SCOUT· 31%28m·2026-08-05·News PoliticsHow some RBI-licensed NBFCs charge 600% interest and stay legal
Daybreak · 809
If you Google "paisa de do", dozens of near-identical websites appear. Some, offering cash in 15 minutes. The interest rate on some of these loans is 600% per annum and the lenders are RBI-licensed. One borrower started with a Rs 75,000 loan. Within five months, he was paying Rs 6 lakh a month across eight different…
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