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KYC stands for Know Your Customer. In simple terms, KYC is the process through which banks, NBFCs, lenders, mutual fund platforms and other financial institutions verify your identity and address before offering financial services. So, if you are wondering what is KYC, what is KYC in bank, or what is the meaning of KYC, the answer is simple: it is a mandatory …
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Need ₹50,000 and want to apply without visiting a branch? You can apply for a personal loan online using your Aadhaar card, directly from your phone. The process is simple, mostly paperless and can be completed in a few minutes. Your Aadhaar card helps lenders verify your identity and address through digital eKYC. Once the checks are complete and your …
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Do you need to pay GST on personal loan EMIs? The answer is no. However, it’s levied on processing fees and other charges. Being aware of these tax implications beforehand helps you manage your repayments without much hassle. This is because these charges can impact your borrowing costs significantly. As you may know, taking a …
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