Government to cut maximum interest rate and fees for unsecured loans

The Department of Trade and Industry (DTI) proposed that the maximum allowed interest rates charged for unsecured loans be reduced from 32.65% to 24.78%.

We interviewed DebtBusters CEO Ian Wason on the DTI’s proposed changes to credit provider interest rates and fees.

Scroll down to listen to the audio.


This article first appeared on 702 : Government to cut maximum interest rate and fees for unsecured loans


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