Q1; Cash loan real offer Prove that the interest rate of the below offer of 3.03% flat rate (fix rate) is equivalent to 5.69% if reducing rate (effective rate); use the following, - As stated loam amount up to 2,000,000 (two million dirham) - Loan period, (not stated), normally its 25 years for local and 15 years for expat. Q1; Cash loan real offer Prove that the interest rate of the below offer of 3.03% flat rate (fix rate) is equivalent to 5.69% if reducing rate (effective rate); use the following, - As stated loam amount up to 2,000,000 (two million dirham) - Loan period, (not stated), normally its 25 years for local and 15 years for expat