RIICO reduces interest rates on term loan by 0.5%

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interest rateRajasthan Industrial and Investment Corporation (RIICO) has reduced the interest rate on term loan by 0.5 per cent with effect from April 25.

As per the revised structure, new term loan’s interest rate has been fixed at 11 per cent of interest after reducing 0.5 per cent.

The processing fee for loan was also reduced from 1 per cent to 0.5 per cent.