According to Civil Code 2015, the interest rate in loan
agreement is changed substantially, as follow:
Content
|
Before 01 January
2017
|
After 01 January 2017
|
Maximum interest
|
150% of the basic
interest rate
announced by the
State Bank
13.5% Per year
|
20% Per Year
|
Interest on overdue amount in loan Agreement
|
Basic interest rate
announced by the State Bank
9% Per year
|
150% of
the interest rate agreed in loan agreement
|
Interest on overdue amount in interest-free
loan agreement
|
Basic interest rate
announced by the
State Bank
9% Per year
|
50% of
the maximum interest 10 % Per year
|
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