The loan interest rates in the Federation are at 5.7%, and they fluctuate greatly. After all, every industry is developing now and everyone needs money.
Therefore, the loan interest rate will fluctuate at any time, and sometimes there can be a difference of more than 1%, which is quite unstable.
Currently, it's at 5.7%, but it may increase or decrease later, which is quite normal.
In contrast, the deposit rate is less than 3%, around 2.8%. Putting money in the bank now isn't very worthwhile; it can't even beat inflation.
This might also be why people in the Federation don't like to save; they prefer to spend the money rather than put it in the bank to deal with sudden issues.
"What's your monthly earning ability?", the Legal Officer took out a piece of paper and started calculating.
The shop owner thought for a while and stuttered, "About 900 to slightly more than 1000, not much."
The Legal Officer whistled, "This income is not considered low in Bupen."
