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Now you know in general terms what the interest rate on a loan is. Therefore, if you encounter certain financial difficulties, you can safely throw aside all doubts and use the services of our company. Indeed, in some cases, interest-bearing credit is the only way to improve their financial situation microcredit in sri lanka.

What type of interest rate is better to choose?

Having decided on the concept of what a loan rate is, you should focus on what type of rate is better to choose: fixed or floating. There is no single answer to this question. It all depends on what the situation is at the moment in the financial market. If you want to know a more accurate answer, what is a credit rate and what is its size, consult a financial institution employee in which you plan to get a loan.

Interest rates on loans in each case can be very different. It all depends on several factors: the borrower's solvency, the length of the loan term, as well as the loan amount.