Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
A change in the repo rate results in a change in the fringe benefit interest rate for low or interest free employer loans to employees.