Under the Moneylenders Rules 2009, the maximum rate of interest a moneylender can charge is as follows:
| Maximum Interest Rate | ||
| 1. | Loan granted to an individual whose annual income on the date of grant of loan is less than $20,000:
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| 2. | Secured or unsecured loan of up to $3,000 granted to an individual whose annual income of the date of grant of loan is $20,000 or more | To be agreed upon between moneylender and borrower |
| 3, | Secured or unsecured loan of more than $3,000 | To be agreed upon between moneylender and borrower |
