Stealth • 4d
No, 5% of the total loan amount. Fir example if someone takes a loan of 1 lakh then the intrest would be 5000 and we will charge only 1000 on it. Depending upon the time of repayment if the borrower delays then extra intrest will be charged from him and we will also give a credit score to the borrowers by which the lendors will know about the past records of the borrowers.
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