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Traders watch interest rate changes closely as short term interest rates are the primary factor in currency. Car loan interest rate has been increased up to 4% for national car and 3.5% for non national car for loan period of 9 years. Balance transfer and top up car loan applicable car loan interest rate starting at 15 p.a.up to 150%* of original loan amount as top up maximum tenureup to 5 years Latest three months salaries slips 5. The interest is already calculated in for the whole duration.
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The monetary policy committee votes on where to set the overnight interest rate.
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