Interest Rate
The interest rate offered to customers is based on the ACHF PLR Rate. While offering the interest rate, Altum Credo would offer the following options to customers.
ACHF PLR 16.5% w.e.f from Jul 01, 2022 |
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---|---|
Type | Interest Rate |
Housing Loan | 14.00%-17.00%* |
Non-Housing Loan | 15.00%-20.00%* |
*The above standards rate of interest may have some changes based on Credit Checks, property paper/Business vintage, and other parameters with the appropriate approvals.
Annual Percentage Rate
The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan processing fee. To calculate the annualized credit cost, please click here to download the APR calculator.