The floating rate of interest offered by Catholic Syrian bank on the personal loan is 18.25%. The reason for floating interest rate is that the interest rate depends upon the duration of the tenure of loan against the fixed interest rate which is constant throughout the loan tenure. In case of salaried individuals, the bank gives 10 times the monthly salary in the form of the utmost loan amount for the borrower. Also, the bank needs one person as the guarantor who is already an employee in the same organization for 5 years and also should guarantee maximum 2 people.
Table comprising Catholic Syrian bank interest rates
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