a month ago
Is 12% interest rate too high?
I got an offer from leap finance for $80000 at 12% interest rate. Is it too high or in line with current interest rates? I checked the interest rate of SBI, which is said to have one of the lowest interest rates, and it is aroun 10.90%. Can I proceed with leap, or are there any other suggestions??
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Generally sbi will be having floating intrest which is not idel time to go for. And after inflation intrest rates have been increased. It is ok with 12% . But if u have collateral also u will get 11% Interest only. See more