Small businesses are being charged between 0.2 and 0.8 percentage points more in interest on bank loans compared to individual borrowers and large corporate firms, paying the price for a higher risk perception tied to the high attrition rate among new businesses.
These businesses were paying on average 14.04 percent in interest on loans of up to five years at the end of June, compared to 13.22 percent for personal loans and 13.86 percent for corporate loans.
