What are bank loan interest rates in Durban?
Bank loan interest rates can vary greatly depending on the consumer as well as the bank in question. Independent financial lenders may charge interest rates of up to 42% and consumers would be wise to use a bank loan calculator before signing their loan agreement, in order to determine whether they are able to meet their monthly repayment obligation. Bank loan interest rates in Durban are therefore between 9% and 40%, with the consumer paying a rate dependent on their individual risk profile. To improve your risk profile, it is worthwhile to lower your credit score by repaying any outstanding debts.