Unsecured loan

hi
interest on unsecured loans will be chang on compound basis or normal flat,

what is the actual instructions as per law....
Replies (2)
Quick Summary
This discussion explores the interest calculation methods for unsecured loans, specifically whether it's compound or flat. The consensus is that the method depends on the specific agreement between the borrower and lender. Further clarification on legal instructions is sought.

Unsecured loan taken from whom ??
It will depend on agreement between taker and giver of loan

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