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Getting a Personal Loan and Business Loan Simultaneously

Getting a Personal Loan and Business Loan Simultaneously

Submitted by • November 21, 2020 www.afinoz.com

Higher-income attracts a low rate of interest. With the high income, an applicant is considered as a reliable candidate by the lenders as the chances of defaulting on the loan repayments are low. For example, if one’s income is Rs. 25,000 per month, the lender might offer personal loan at 14% interest rate and if one’s income is Rs. 70,000, he/she might get a personal loan at the interest rate of 12% from the same lender.

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