Is your personal loan interest rate within the legal limit?
Sager goes into detail about the various types of loans:
For example, for a bond/mortgage, the maximum allowed interest rate is whatever the repo rate is plus 12%, he says.
So, if the repo rate as set by the reserve bank is 7.5% like it is today, the maximum interest you should be paying on your mortgage is 19.5%.
Read the article on Primedia Plus.