And if the lender finds that the borrower it at high risk then they charge high interest rate to them. There are many factors which decide the interest rate of any kind loan some of them in case of Insta loan are as follows.

Factors Deciding the Interest Rate of the Insta Loan. Loan amount and Income of the individual who is applying for the loan.

Suppose a person having a yearly income of INR 4 Lakhs applies for a loan of INR 6 Lakhs in a tenor period of 2 year. Then for the lender it is a risky case as in this case there is more possibility for defaulting.

So for being on safe side the lender will charge more interest rate from that person as compared to others. So for the interest rate the loan amount and individual income plays a very important hdfc personal loan branch in coimbatore. Tenor Period.

Hdfc personal loan branch in coimbatore

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Hdfc personal loan branch in coimbatore

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Hdfc personal loan branch in coimbatore