What are Fixed and Reducing Interest Rate

What Are Flat And Reducing Interest Rates

Secured Business Loan Interest Rates

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Flat Rate of Interest

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Benefit

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Reducing Rate of Interest

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Benefit

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Flat Rate of Interest

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What Are Flat And Reducing Interest Rates

Secured Business Loan Interest Rates

A secured business loan rate is the interest charged on loans for businesses.

Flat Rate of Interest

The interest rate remains constant, calculated on the initial loan amount, with fixed monthly payments simplifying budgeting.

Benefit

It offers consistent monthly payments, making budgeting easier.

Reducing Rate of Interest

The interest rate decreases as the outstanding loan principal reduces over time, resulting in lower total interest paid.

Benefit

Pay interest on a progressively smaller amount each month.

Flat Rate of Interest

Choose what’s best for you!

vs

Reducing Rate of Interest