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Why do bank still charges interest on loan?

Victoria Fowler

in Student Loans

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Ramon Kelly on August 14, 2018

Because, the collection of interest is one of the main sources of income for banks. Since you are borrowing money from the bank, is the banks right to charge interest for the lending money. Since they are giving you the money for your use, you are obligated to pay an interest to obtain money from them.


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