Interest rates on loans are a complex scenario in India. There are different lenders in the market offering loans at different rates of interest. That’s not all. Each lender offers loans to different borrowers at different rates of interest. So, here, you will find out what factors affect the business loan interest rate in India. This will help you make an informed decision when you need funds for your own venture.
So, there are a number of factors that affect the rate of interest on business loan. Some of them are in your control, while others are external, which are beyond your control, like the rate of inflation, monetary policy etc. Nevertheless, it always helps to be aware of all the factors that affect the business loan interest rate in India.
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