Is Your Money Lender Charging More Than 12% Interest? What is the legal rate? #moneylending

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In Tamil Nadu, licensed money lenders can charge a maximum of 12% annual interest under Section 15 of the Tamil Nadu Money Lenders Act. However, many charge illegal high-interest rates, pushing borrowers into financial trouble. If you're a victim of exorbitant interest, you have the right to file a complaint and take legal action. Watch the full video to learn how to protect yourself from unfair lending practices. Subscribe for more legal insights!

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