Interest rate of loan is defined as amount payable over and above principal amount given by the lender to borrower.
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.
Personal Loan
Interest rate of loan is defined as amount payable over and above principal amount given by the lender to borrower.
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.
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