Loan abpve 20,000/- in cash


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2017 Can a person doing vehicle finance business lend above 20,000/- to its customer on basis of hire purchase agreement in cash?
Also many jwellery businessman lend above 20,000/- by taking jwellery from customers in their possession. Is it allowed?

26 September 2017 Lending above 20000 in cash including jewelry business not allowed.

26 September 2017 In my view., The 20k limit reduced 10k...

27 September 2017 You are not allowed to lend above 10000/- in cash.....


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