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what is the rate for calculating interest on unsecured loans

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2010 the rate for calculating interest on unsecured loans
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DEEPIKA GOEL

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DEEPIKA GOEL (Expert)
20 May 2010 No specific rate has been prescribed for unsecured loans. Any rate of interest can be charged for unsecured loans by loan provider.
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