Veritas has put in place an interest rate policy, adopted by the Board, taking into account relevant factors such as, cost of funds, margin and risk premium, etc and determine the rate of interest to be charged for loans. This policy also complies with the guidelines issued by Reserve Bank of India, vide its notification dated January 2, 2009 and from time to time. Customers of Veritas are explained and made to understand the interest rate charged and the same is disclosed in the application form and communicated explicitly in the sanction letter.
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