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India’s Loan Sharks: Why 4% Monthly Interest Is Illegal and How Borrowers Can Stay Safe

Court News

India’s Loan Sharks: Why 4% Monthly Interest Is Illegal and How Borrowers Can Stay Safe

January 1, 2026

Charging 4% monthly interest is illegal in India. Learn RBI rules, Money Lending Acts, borrower rights, and how to avoid loan sharks and debt traps.

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