Monthly Interest Rate
An interest rate is the rate at which interest is paid by borrowers for the use of money that they borrow from a lender. Specifically, the interest rate is a percent of principal paid at some rate. For example, a small company borrows capital from a bank to buy new assets for its business, and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower. Interest rates are normally expressed as a percentage of the principal for a period of one year.
|Interest rate structure up to January 2017|
|Lending interest rate by bank and by type of borrower for the week from 2ND to 8th February 2015|
|Lending interest rate by bank from 8th December 2014-11th January 2015 Final|