Unsecured loan

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1 Points Posted on 30 March 2020
hi
interest on unsecured loans will be chang on compound basis or normal flat,

what is the actual instructions as per law....
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On 30 March 2020 at 10:14 Report
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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.

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Auditor at Big 4
622 Points Posted on 30 March 2020
Unsecured loan taken from whom ??
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On 30 March 2020 at 10:34
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self employed
32 Points Posted on 30 March 2020
It will depend on agreement between taker and giver of loan
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On 30 March 2020 at 11:11

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