how are high interest rates on loans harmful
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some people like farmers,shopkeepers etc take the loans for their settlement or for their development
so high rate of interest can made them in tension .so some time it is harm full
so high rate of interest can made them in tension .so some time it is harm full
Answered by
8
these high interest rates can lead poor people in the burden of loans and sometimes these poor farmers has to become bonded labour coz of these high interest rates.
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