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Who charges the highest on interest rate loans?

They are called loan sharks.


The interest rate banks charge each other on overnight loans?

Federal Funds Rate


Which financial firms offer overnight loans?

Many financial firms such as moneysupermarket and poundstopocket offer overnight loans however they may contain high interest rates and you must always ensure you understand their terms and conditions.


What is The market for overnight loans between commercial banks known as?

The federal funds market


What is the term Official Cash Rate mean in Australia?

The term Official Cash Rate (OCR) is one that is used in Australia and New Zealand. It is used to describe the bank rate and interest rate a bank charges on overnight loans given to commercial banks.


Which among the bank neither advances loans against immovable property nor charges interest on deposits?

RBI


Where can I file for overnight payday loans?

If you are looking for a place to receive payday loans you can go to Amscot. Amscot offers overnight payday loans and you can have your money quickly.


What is OCR stands for in economics?

OCR can stand for a lot of things that can be used in economics. My best pick isofficial cash rate (OCR). This term is used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans to commercial banks.


Where can one apply for fast loans online?

One can apply for fast loans online by visiting one's banking website. Payday loans are also available on the internet but are not advised because of their high interest charges.


Can you provide information on short term no interest loans?

Short term no interest loans are loans that do not charge any interest for a specific period of time, usually ranging from a few months to a year. These loans can be a good option for those who need quick access to funds without incurring interest charges. However, it's important to carefully read the terms and conditions of the loan to ensure there are no hidden fees or penalties.


Is it permissible to charge interest on interest?

Charging interest on interest, also known as compound interest, is generally permissible and common in financial transactions such as loans and investments.


What has the author Thomas Farrow written?

Thomas Farrow has written: 'The money-lender unmasked' -- subject(s): Personal Loans, Interest rates, Finance charges, Interest and usury