cryptohunter
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In India Electronic Money Institutions (EMIs) aren't allowed to offer loans or credit services. They're under the rules of the Reserve Bank of India (RBI), which lets them provide electronic wallet services, help with fund transfers, and offer prepaid payment tools.
If you need a loan, you'd have to check out regular banks or financial places. The RBI watches over them and sets the rules for things like lending practices, interest rates, and how they manage risks.
It is to know that rules can change. To get the most recent info on what services EMIs can offer, it's a good idea to check with the Reserve Bank of India or other official sources.
If you need a loan, you'd have to check out regular banks or financial places. The RBI watches over them and sets the rules for things like lending practices, interest rates, and how they manage risks.
It is to know that rules can change. To get the most recent info on what services EMIs can offer, it's a good idea to check with the Reserve Bank of India or other official sources.
