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More than six months after Chief Minister Devendra Fadnavis announced his.
. they cite an example loan of £1,000 over 365 days with 12 payments of £158.19, equivalent to 278 per cent APR. Other companies charge even more, with Ladder Loans asking for £163.10 per month on a £1,000 loan, working out.
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Supporters say the bill – which would increase the maximum installment loan by a small lender from $1,000 to $1,500. says the APR for a three-month, $500 loan taken out under the act would be just over 114 percent, with a 12-month.
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