In a Personal Loan interest rate may vary from borrower to borrower. The interest rate may vary from 11.99% to 24%. Unlike other loans, Personal loan does not have flat interest rates.
There are a few factors that affect the interest rate of your personal loan. If you are considering to apply for a personal then it is important that you understand, what these factors are and how they affect the interest rate.
Refer the following infographic to understand better about these factors.
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