Why Is The Central Bank Not Regulating Interest Rate On Payday Loans? - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Why Is The Central Bank Not Regulating Interest Rate On Payday Loans? (111 Views)
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| Why Is The Central Bank Not Regulating Interest Rate On Payday Loans? by kingsways: 1:07pm On Nov 27, 2023 |
Some of these lenders charge as much as 10% flat for tenor 30 days or less, this translates to far more than 100% per annum! This sort of charges seem grossly unfair to me, and a failure on the CBN for allowing such.. |
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