You have the right to clear and accurate information on the prices of banking and microfinance services so that you can compare prices and make good financial choices. This includes prices on interest rates, fees, charges and penalties. You can only be charged interest on the amount you currently owe on your loan, not the total amount. This applies whether you have taken a loan with a Bank, licensed MFI, registered and unregistered NGO, or a mutual savings and credit association. |
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