Sentences with phrase «entire tenure of the loan»
A fixed rate of interest is offered on a mortgage by a lender when a buyer opts to make repayments in fixed monthly installments over the entire tenure of the loan irrespective of the interest rate cycle.
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The instalment established will remain fixed for the entire tenure of the Loan.
As the name suggests, this rate of interest is fixed for the entire tenure of the loan.
The fixed rate loan charges a fixed rate of interest over the entire tenure of the loan (banks can sometimes change the rate under special circumstances).
For the entire tenure of the loan a 10 % of interest rate is applicable per annum which is paid by the pensioner half - yearly.