Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

State of Odisha - Section

Section 7A in The Orissa Money-lenders' Act, 1939

7A. Maximum rate of interest.

- No money-lender shall, charge interest on any loan advanced by him at a rate exceeding-
(a)nine per cent per annum simple interest, where the loan is secured; and
(b)twelve per cent per annum simple interest, where the loan is not secured.