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How is interest calculated on Greater Bank Personal loans?

How is interest calculated on Greater Bank Personal loans?

The interest charged depends on a variety of factors, such as the number of days in that month, the applicable annual interest rate and the unpaid balance of your loan.
Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a monthly basis (depending on which product you have). The interest rate applied each day is equal to your annual interest rate, divided by 365.