What is the interest rate of challan discounting?

The interest rate for challan discounting varies based on multiple factors, including:

• Creditworthiness: Better credit scores may yield lower rates.
• Loan amount: Higher amounts might attract competitive rates.
• Duration of challan discounting: Longer periods may incur higher interest.

Typically, interest rates for challan discounting range from 10% to 15% per annum. It’s advisable to compare rates from various financial institutions and negotiate terms to secure the best deal.