I want to know how is the interest on business loan calculated?

I want to know how is the interest on business loan calculated?

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At Kotak, we ensure that the best possible rates are given to our customers. The rate of interest varies from time to time in consideratin of the amount and eligibility calculated.

There are some factors which determine whether you are eligible to apply for a business loan or not as well as the interest rate . These include your monthly income, documentation, the source of your income, your qualification, work and credit history, age and number of dependents, and your future plans.

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