Is it legal for an institution to charge 59% interest on a loan?

Answers:0   |   LastUpdateAt:2012-09-28 22:34:03  

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Dhwani
Asked at 2012-09-28 22:34:03
CASH, it is an institution which is located at 4080 Highway # 7, Woodbridge is charging $ 81.04 for a loan of $ 349.00 in 11 days term. MedlinePlus How will lend to a teenager as easy without checking the records just to get money . Is it permissible for the government ?
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