Whileapplying for a home loan, the most important question is rate of interest. One more thing, which is equally important is how interest is calculated by respective bank. Banks are required to quote interest rates on a 'reducing balance' basis. Let's take a look how this whole formula ...
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Your quote will be for ₱ 10000 ₱ 1000 ₱ 30000 Repaid over 10 days 1 day 60 day Apply Kviku (4.5/5) 31 voted Interest Rate for 0.16 per day Loan Tenure 60 — 180 days Loan Amount 1000 — 25000 Approval Duration 24 hours ...
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