Sentences with phrase «fixed over the repayment period»

Home equity loan payments are typically fixed over the repayment period, while a home equity line of credit can offer interest - only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

Not exact matches

Lower interest rates, combined with a fixed repayment period of one to seven years, allow you to potentially pay less in interest over the length of the loan.

For those who plan to finish repayment over a longer period (15 - 20 years), it is less risky to choose a fixed rate loan even though the interest rate will likely be higher than a variable rate loan.

Personal loans are installment loans that you pay back over a fixed period of time, usually with monthly repayment.

Borrowers will have a fixed repayment schedule over the repayment period of the loan.

This effectively means that federal loans are bought out, but the repayments are over a longer period of time (perhaps 30 years) and at a fixed interest rate to ensure the process of clearing college debts involves the lowest possible monthly repayments - in some cases 50 % lower than initial terms.

@user132278 The loans have a fixed interest rate of 6.8 % over a 10 - year «standard» repayment period.

Income - Contingent Repayment Plan (ICR Plan): Under Income - Contingent Repayment Plan your monthly payment will be the lower of 20 per cent of your discretionary income or what you would pay on a repayment plan with a fixed payment over the period of 12 years, adjusted according to youRepayment Plan (ICR Plan): Under Income - Contingent Repayment Plan your monthly payment will be the lower of 20 per cent of your discretionary income or what you would pay on a repayment plan with a fixed payment over the period of 12 years, adjusted according to youRepayment Plan your monthly payment will be the lower of 20 per cent of your discretionary income or what you would pay on a repayment plan with a fixed payment over the period of 12 years, adjusted according to yourepayment plan with a fixed payment over the period of 12 years, adjusted according to your income.

Lines of credit are not appropriate for fixed asset acquisitions such as equipment, real estate, leasehold improvements, or other expenses for which repayment can only occur over a longer period of time.

The standard repayment includes fixed payment amounts and up to ten years to repay; other plans include graduated payments, which start small and increase over the repayment period as your income increases.

A fixed rate personal loan means that the loan repayments are made in equal sums over a fixed period.

While there are short term loans available for people who just need a quick fix, long term payday loans and lines of credit are aimed towards consumers who need to have a longer repayment period in order to survive without ending up taking up another loan, and another... This option helps you avoid a cycle of debt over the long term.

Amortization is paying off of debt with a fixed repayment schedulein regular installments over a period of time.

For example, the standard plan charges a low fixed rate of interest, with repayments made monthly over a period of up to 10 years.

While this can be a strain on students who are not generating significant income while in school, a fixed repayment plan lowers the total cost of borrowing as interest charges do not have the chance to accrue over a long period.

They offer installment loans, a type of short - term loan that you pay back over a period of time in fixed repayments on the amount you borrowed, interest and fees.

Flexible options are offered for the repayment of the Personal Loan, the applicant can pay back the loan via fixed monthly Installement over a period of time from 12 to 72 months as per the eligibility & repayment capacity of the applicant.

Taking out a fixed rate mortgage (where the repayments will always be the same over a fixed period) means you can easily plan and budget and often works out cheaper than monthly rent payments.