Sentences with phrase «interest over a certain amount of time»

The loan is then repaid with interest over a certain amount of time, called the life of the loan.

Not exact matches

Similar to a credit card, PayPal Credit allows you to avoid interest altogether if you make payments in full within a certain amount of time on purchases of a minimum size, or you can make payments over a longer period of time while accumulating interest.
Allocation to these subaccounts are generally credited with an amount of interest based on the growth of the relevant index over a certain period of time, often called the index period, using two methods used to determine the crediting rate:
Conventional Adjustable Rate Mortgages are set for a certain amount of time, but the interest rate changes over the lifetime of the loan.
The underwriter uses the borrower's liquid assets to show that over a specified amount of time and at a certain interest rate, the liquid assets are capable of producing income for the borrower.
With a home equity loan you borrow a set sum of money at one time and it is paid back over a certain amount of years and interest rate that can vary greatly.
A home equity line of credit (HELOC) is a revolving credit line of credit usually with an adjustable interest rate which allows you to borrow up to a certain amount over a period of time.
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