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Interest rates and program terms are subject to change without notice.
Cash loan 25000 restricting cash credit facilities only for small and medium enterprises with borrowings less than Rs 500 crore.
It should see the 'vast majority' of instant access savings accounts finally live up to their name by providing same-day transfers, the Payments Council says.
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This should not surprise anyone, as the representative annual percentage rate is as high as 795% - this means that it costs two or even four times more than an average cash advance.
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