Loans Is it possible to get a loan at a very low rate of interest like 2%

[Good luck]

Loan is capital one need to Start up a particular organization or business.. people get loan to buy properties and later put it for lease or sale.

There various issues when it comes to getting loan from Bank or cooperative.

The issues are as follows:

Banks Paper work.You need to do a lot of paper write up.
You need to have a reasonable means of collateral,which the banks will leverage on if you fail to meet up with the timeline given to you to pay back.
You will also need one or two guarantees that will stand for you Incase of defaults of payment when the time lapse.
Lastly,banks policy may change. The Bank may decide to change the rate of interest you initially agreed on due to economical instability.
The point now is,Is there no way or means of getting loan at a minimum rate like 2% to encourage the borrower to do business?

Please your suggestions will be highly appreciated. Thanks.

 

[Alexandoy]

The banks here have a standard rate of interest for loans. There are categories which have different rate of interest but I don't think it would be as low as 2% per annum. When we bought our home via a bank mortgage the interest rate was 14% per year that was later lowered to 13% because I was an employee of that bank.