RBI Declares Term Loans Only for NBFCs, No More Revolving Credit!

Hey, listen up! The Reserve Bank of India just made a huge move! Non-banking financial companies can only offer term loans now—no more revolving credit products, unless you have a credit card! That’s just two heroes in the game: SBI Card and BoB Cards! So, if you’re looking to borrow, remember: term loans are the way to go! Believe it!