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Yes most banks charge interest based on reducing balance. Repayment plans are flexible and usually it starts from 12, 24 an 36 months. Many banks give attractive interest rate of both flat and reducing balance per month it makes life simple.

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Q: Are personal loans offered on reducing balance interest?
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What is the current interest rate offered at ING direct for a savings account?

All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.


What bank accounts are offered at JP Morgan?

JP Morgan offers a variety of personal and commercially related bank accounts. Both interest bearing or low-maintenance fee accounts are typically offered (although not both).


What is the current interest rate offered on savings accounts at ridgewood savings bank?

On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.


What is the best credit card option to transfer a balance owed to?

The best credit card option when transferring a balance will depend on interest rates offered and terms. This will change with time. The best thing to do would be to use a Comparison site such as Money Supermarket to compare.


How does reducing credit card debt work?

Reducing credit card debt works in many ways, every debtors prefer different methods and solutions. An example of reducing a credit debt is to pay back every month, as the interests rates continue to increase it does not help reducing the debt. If a month is not enough time, one can always consider transferring to a zero interest deal, which is offered at Barclay, Halifax and Virgin. It is recommended to consolidate the debt, if it's a huge amount, then transfer as much of the debt into zero interest. After, focus on paying back the expensive debt, without worries of the increase of the interest rates.

Related questions

What are the best interest calculators offered online?

There are many good interest calculators online and deciding the best is down to personal opinion. Some of the best rated one's are found on sites such as 'Interest Bot', 'WebMath' and 'the calculator site'.


What is the current interest rate offered at ING direct for a savings account?

All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.


What bank accounts are offered at JP Morgan?

JP Morgan offers a variety of personal and commercially related bank accounts. Both interest bearing or low-maintenance fee accounts are typically offered (although not both).


What are the benefits of investing in municipal bonds versus collecting interest at a bank?

The rate of interest offered by Bonds is marginally more than the interest offered by Banks.


What is the current interest rate offered on savings accounts at ridgewood savings bank?

On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.


What is the best credit card option to transfer a balance owed to?

The best credit card option when transferring a balance will depend on interest rates offered and terms. This will change with time. The best thing to do would be to use a Comparison site such as Money Supermarket to compare.


How does reducing credit card debt work?

Reducing credit card debt works in many ways, every debtors prefer different methods and solutions. An example of reducing a credit debt is to pay back every month, as the interests rates continue to increase it does not help reducing the debt. If a month is not enough time, one can always consider transferring to a zero interest deal, which is offered at Barclay, Halifax and Virgin. It is recommended to consolidate the debt, if it's a huge amount, then transfer as much of the debt into zero interest. After, focus on paying back the expensive debt, without worries of the increase of the interest rates.


Can I earn a personal training certificate online?

There is a variety of degrees and programs offered in your area of interest. It is recommended that you check out the Universal School Directory for full online and offline courses.


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The interest rates offered in a CitiBank saving account varies depending on different things. The interest rates can be 3%+ and on some accounts up to 6%.


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