What Does 1% Interest On Reducing Balance Mean?

Discussion in Loans started by ADSSOLSN • Apr 14, 2017.

  1. ADSSOLSN

    ADSSOLSNMember

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    hello fellow savers, I have been researching banks as I need a loan buy a piece of real estate. and there's this lending company that promises loans with 1% interests on reducing balance.
    can someone please help me understand.
     
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