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Interest Rate is the amount charged by lender or bank for use of money or asset. Interest rate is often calculated as annual percentage of the principle, also known as Annual Percentage Rate (APR). The principal is the amount of money lent.

Bank pay interest on deposits made in saving bank account to convince people to make deposit. They use the deposits from saving bank account to fund the loans. Banks lend money and charge interest. .

The assets borrowed may be cash, consumer goods, large assets, such as a vehicle or building. Interest is essentially a rental, or leasing charge to the borrower, for the asset’s use. In the case of a large asset, like a vehicle or building, the interest rate is sometimes known as the “lease rate”.

Lowest Home Loan Interest Rates 2019, Compare HL Interest Rates 2019

Lowest Home Loan Interest Rates | Compare HL Interest Rates 2019

Are you preparing to buy a new home for yourself with a home loan? Are you searching for top banks with lowest home loan...
Latest Interest Rates on Post Office Small Saving Schemes for April May June 2018

Latest Interest Rate on Post Office Small Saving Schemes – April...

Looking for latest interest rates on post office small saving schemes applicable for month of April to June 2018. Latest interest rates on post...
Interest Rates on Small Saving Schemes wef 1 January 2018

Interest Rates on Small Saving Schemes w.e.f 1st Jan 2018

Finance Ministry cuts interest rate on small saving schemes. Interest rate on small saving schemes such as Post Office Term Deposit, RD, 5 Year...
Interest Rate on Small Saving Schemes PPF, KVP NSC Sukanya Samridhi

Interest Rates on Small Saving Schemes kept unchanged

Rate of Interest on Small Saving Schemes PPF, Kisan Vikas Patra (KVP), NSC and Sukanya Samridhi kept unchanged : Government of India (GOI) has...
Union Bank Dena Bank cut their MCLR rates

Interest Rate cut : Andhra, J&K Bank cut SB account rate...

Public sector lender Jammu and Kashmir Bank and Andhra Bank has lowered interest rate on its savings bank accounts by 0.50 per cent to...
canara bank cut interest rate on saving deposits

Canara bank cut saving bank deposit interest rate by 50 basis...

Canara Bank, one of the largest public sector banks is next to cut interest rate on saving bank deposits. Like other banks, Canara Bank...
Banks Slashes Saving Bank Account Interest Rates Check new Interest Rates

Banks slashes Saving Bank Account Interest Rates; check new interest rates

Banks slashed saving bank account interest rates , brings 2-tier interest rate on saving account : A number of public and private banks in...