Fixed for a period of time | ||
Interest Rate | Fixed Period (years) |
Minimum Tenure (years) |
8,00% |
1-3 |
No minimum tenure |
8,65% |
4-5 |
|
9,65% |
6-8 |
|
9,75% |
9-10 |
Fixed & Floating | ||
Interest Rate | Fixed Period (years) |
Minimum Tenure (years) |
6,65% |
3 |
8 |
7,65% |
5 |
10 |
Note: Interest rate after the fixed period ends = floating interest rate for existing debtors/Customers in effect at that time.