Indian loan sharks typically charge an effective annual IRR of 56%
Monish Anand · EP 617: DataSigns Raises $5.4M, Gives Loans To Indian Credit Borrowers At 1/2 The Rate Money Sharks Do With CEO Monish Anand · Apr 2, 2017 · at 8:21
DataSigns founder Monish Anand explains informal lending rates in India to compare against DataSigns' pricing.
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“In India, a loan shark typically charges close to about 56% to IRR.”
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