Does anyone know what the usual interest rates are on amounts less than 100 million VND?
A relative is being offered a short term loan at 10% a month interest on a loan of 100million VND
It's not from a bank. Was told it's a friend who loans out money to known individuals. Is this the normal rate?.
I'm being asked to help with the interest payments and was wondering if the 10% per month was a realistic figure and not just something that was made up.
Thanks for any info on this matter