Question

which of the following sources charges the lowest rate of interest ?​

Answer 1

Answer:

These 10 banks are offering the lowest home loan interest rates for salaried individuals.

Bank name RLLR Maximum home loan interest rate (%)

Bank of Baroda 7.00 8.35

IDFC First Bank 7.00 8.00

Indian Overseas Bank 6.85 7.30

SBI Term Loan 6.65 7.60

Answer 2

Cost of funds is as important as the types of funds.

Sources of funds:

• Stock
• Debenture
• Bank loans
• Debentures
• Personal loans
• Bank deposits, etc.

One should consider following key points before selecting the sources of funds.

• Interest rate
• Payout rate
• TVM i.e. Time Value of Money
• Processing charges

Funds with the lowest rate is bank deposits and bank loan. Which can be raised easily in some time. It is crucial to consider every point before choosing the types of funds.