login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
|

What is the rate of interest chargeable for loans?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

The loan interest will be charged 2% per annum above the contracted rate shown on the Term Deposit Receipt (TDR)

Related articles

6 Reasons to Open a Fixed Deposit

Depositing additional funds are always welcomed by any bank, but, you as a customer are always muddled whether to store it in a Savings Account or a Fixed Deposit (FD) account. A head-on comparison be...

KNOW MORE

June 29, 2023

Why Choose Fixed Deposits?

Fixed or time deposits are one of the most popular and oldest investment options. Compared to a regular savings or current bank account, the rate of interest on such deposits is higher. Time deposits ...

KNOW MORE

June 29, 2023

Difference Between Cumulative and Non-Cumulative Interest Rates

One of safest and most sought-after investment instruments in the market today, Fixed Deposits (FDs) offer guaranteed returns, while also helping you meet your financial goals. FDs can be categorised ...

KNOW MORE

June 29, 2023