Questions

How is interest charged on my personal loan?

Asked by AOB WealthMart, in Finance
The interest rate for your personal loan will vary from lender to lender, and is affected by factors such as the cash rate set by the Reserve Bank of India, the cost of funds (which determines the prevailing market interest rate), your loan type (whether it’s a fixed or variable rate structure) and the term of your loan.

Answers

Franto Hruz Magnate I   Offer Value - Build a Team
The interest rate for your personal loan will vary from lender to lender, and is affected by factors such as the cash rate set by the Reserve Bank of India, the cost of funds (which determines the prevailing market interest rate), your loan type (whether it’s a fixed or variable rate structure) and the term of your loan.
Apr 15th 2018 01:22   
Maricuta M. Advanced  Teacher
Depends of the type of your loan, With variable rate it's pèossible to pay more in a certain months or less, depends on the inflation and other financial factors. With fix rate you'll pay a fix ammount every month alond the perioad of the loan.
Apr 16th 2018 13:49   
Ross Barkely Advanced  Blogger
It depends on the lender and the type of loan.
Apr 18th 2018 05:36   
Pooja Late Advanced  so cut
Government works best when it stays out of people’s personal life’s
1 day 9 hours ago   
Equitymaster Agora Research Freshman   Equitymaster - Best Financial Investor
Yes, The interest rate for your personal loan will vary from lender to lender. Equitymaster gives the detailed interest analysis. Visit
1 day 5 hours ago   
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