Sentences with phrase «percentage of the amount borrowed»

If you draw a high percentage of the amount borrowed — taking $ 9,000 of the $ 10,000 you borrowed, for example — it will hurt your credit score.

3 Rate Definitions: Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee Annual Interest Rate: The interest rate in annualized terms, excluding fees Annual Percentage Rate: The interest rate in annualized terms, including fees

Each month, you pay back a percentage of the amount borrowed — the principal — plus a fee.

This is because APR takes into account the total cost of borrowing money, expressed as a percentage of the amount you borrow.

These include items such as an application fee, title search, appraisal, attorneys» fees, and points (a percentage of the amount you borrow).

Many companies charge an origination fee as a percentage of the amount you borrow.

Interest is usually expressed as a percentage of the amount borrowed.

The interest rate is the percentage of the amount borrowed, and it depends on the type of student loan applied for.

Points are based on the percentage of the amount borrowed.

Origination fees are charged as a percentage of the amount you borrow.

Your lender usually predetermines your fees, which are either a fixed amount or a percentage of the amount you borrow.

interest [top] The cost of borrowing or lending money, usually a percentage of the amount borrowed or loaned.

This means you'd have to repay the original loan amount along with a percentage of the amount borrowed.

A new item, Total Interest Percentage, outlines the total interest paid over the life of the loan, expressed as a percentage of the amount borrowed.

Rate Definitions Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee Annual Interest Rate: The interest rate in annualized terms, excluding fees Annual Percentage Rate: The interest rate in annualized terms, including fees