POSTED BY September 12, 2012 8:45 pm COMMENTS (2)
ONDear Jagoinvestors,
Today i found out an interesting article in Firstpost.
http://www.firstpost.com/investing/why-daily-rest-is-better-than-monthly-rest-for-your-loan-452976.html
Based on my knowledge, I understand that daily interest is better thans monthly Interest. Am i right?
Do we have Daily Interest Calculations facility in Indian Banking System?
Below link is from Malasian country website.
Thanks,
Sekhar
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Dear Ashal,
Thanks for the valuable Information.
Thanks,
Sekhar
Dear Sekhar, Earlier i.e. some 10-12Y ago the loans were yly rest. Then came the mly rest & now almost all banks are offering loans on daily rest basis.
So feel easy.
Thanks
Ashal