Sentences with phrase «principal loan outstanding»

The plan provides comprehensive insurance cover to the borrowers of the institution and offers to pay off the principal loan outstanding in the event of death of the insured borrower.

Not exact matches

For federal student loans, regulations stipulate any extra payment goes first to outstanding fees (like late fees), then to interest accrued since your last payment, and then to the principal of the loan, said Betsy Mayotte, director of consumer outreach and compliance for American Student Assistance, a nonprofit focused on higher education financing.

If there are multiple loans with the same interest rate, please apply the additional amount to the loan with the lowest outstanding principal balance.

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

Interest: the cash paid to the creditor by the debtor until loan maturity calculated as (interest rate ÷ payment frequency) * outstanding principal balance

Expediting student loan repayment starts with finding realistic methods to pay more toward the principal balance of the outstanding loans.

When a lender receives payments on a loan, the payment is applied first to late charges and collection costs, then to outstanding interest and then to outstanding principal.

These mortgage loans have an outstanding unpaid principal balance of approximately $ 1.8 trillion as of September 30, 2009... While Freddie Mac continues to evaluate the impacts of adoption, the company expects that the adoption could have a significant negative impact on its net worth.»

PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower «underwater» on the loan.

The repayments would be divided between the interest (i.e. the interest on the outstanding loan amount) and the principal repayment (i.e. the remaining amount of the periodic payment that is used to reduce the outstanding loan amount).

The value of housing loan approvals and movements in housing credit outstanding track one another closely (Graph C1), although the value of approvals is typically at least double the dollar value of the movement in credit, due to repayments of principal and drawdowns of existing facilities.

Under the ICR plan, outstanding interest is capitalized annually, but the amount of interest that is capitalized can never exceed 10 % of the original principal balance of your loan at the time that it entered the ICR plan.

The increases in new loan approvals recorded through most of 1997 did not lead to an increased rate of growth in loans outstanding, because principal repayments were increasing at the same time.

For example, the North Carolina Principal Fellows Program offers $ 20,000 annually in scholarship loans to attract outstanding aspiring principals.

While the primary purpose of the program is to help charter schools, «Finance school building projects, including the construction, purchase, extension, replacement, renovation or major alteration of a building to be used for public school purposes,» the law does allow charter school companies to seek grants to, «Repay debt incurred for school building projects, including paying outstanding principal on loans which have been incurred for school building projects.»

The network also provides schools with access to: a national «knowledge network» of CWC teachers and principals who can share best practices with one another, meaningful professional development opportunities and evaluation tools, student assessment tools and help tracking student achievement, training in school operations, interest - free start - up loans to help new schools get off the ground and long - term financial planning assistance, and help resolving outstanding academic issues when requested by the school.

Authorizes DOT to allow, for up to one year over the duration of the direct loan, an obligor to add unpaid principal and interest to the outstanding balance if at any time after the date of substantial completion the project is unable to generate sufficient revenues to pay the scheduled loan repayments of principal and interest on a direct loan.

To calculate your equity, subtract your outstanding loan principal from the present value of your home.

When the interest is not paid, it is capitalized or added to the principal balance, which increases the outstanding principal amount due on this loan.

The interest rate, which typically depends on your credit history and loan repayment term, is applied to your outstanding loan principal.

Extra payments to student loans are usually applied like this: They cover any outstanding fees, then unpaid interest, and then finally are applied to principal.

As you progressively make payments over the tenure of the loan your amount of interest component decreases and you start contributing more towards the principal outstanding repayment.

For the initial few years of taking a loan, you do not make a substantial payback on your outstanding principal.

Up to 12 months of PITI can be included in the partial claim to bring your loan current, and / or up to 30 percent of outstanding principal balance may be deferred (this means that no interest is charged on this part of the balance and repayment is not required until the home is sold).

Reducing Balance, means reducing the paid - up principal amount (on which interest calculations are made) from the outstanding loan amount.Indexia Finance car loan The interest you pay is calculated on outstanding principal balance.

So for example, if a home was purchased for $ 200,000 and then 10 years later the homeowner defaults on the loan but has paid $ 40,000 in principal then that leaves an outstanding balance of $ 160,000 owed.

Since refinancing consists on getting approved for a loan in order to repay an outstanding loan, not only an amount on interests but the whole principal of the Interest Only Loan will be reimburloan in order to repay an outstanding loan, not only an amount on interests but the whole principal of the Interest Only Loan will be reimburloan, not only an amount on interests but the whole principal of the Interest Only Loan will be reimburLoan will be reimbursed.

Interest is usually calculated as a percentage of the outstanding principal balance of the loan.

This increases the outstanding principal amount due on the loan and may cause your monthly payment amount to increase.

Occasionally, balloon loans allow borrowers to convert the mortgage at the end of the balloon period to a fully amortizing loan based upon the outstanding principal balance and the current interest rates.

Due to interest capitalization, a process where unpaid interest and loan fees are added to the outstanding principal balance of a loan, the amount of money you repay on a private student loan can be significantly more than the amount you borrowed.

Having taken some finance classes while in school, I knew the high interest rates on my loans would cause interest to accrue rapidly each month on the remaining outstanding principal balance.

If a loan has been paid off or consolidated, the borrower will see $ 0 listed under the amount of the outstanding principal.

If your loan is current and you have no outstanding late charges or other fees, you may pay extra money to reduce the principal balance on your loan.

Application of Loan Payments: All payments are applied first to any accrued interest, then to the loan's principal, then to any outstanding fees and finally to create or retire the loan's revolving line of creLoan Payments: All payments are applied first to any accrued interest, then to the loan's principal, then to any outstanding fees and finally to create or retire the loan's revolving line of creloan's principal, then to any outstanding fees and finally to create or retire the loan's revolving line of creloan's revolving line of credit.

Interest and Other Loan Costs: The following are the maximum interest rates that a motor vehicle title lender is permitted to charge you PER MONTH on the principal amount of your loan that remains outstanding: (i) 22 % per month on the portion of the outstanding balance up to and including $ 700; (ii) 18 % per month on the portion of the outstanding balance between $ 700.01 and $ 1,400; and (iii) 15 % per month on the portion of the outstanding balance of $ 1,400.01 and higLoan Costs: The following are the maximum interest rates that a motor vehicle title lender is permitted to charge you PER MONTH on the principal amount of your loan that remains outstanding: (i) 22 % per month on the portion of the outstanding balance up to and including $ 700; (ii) 18 % per month on the portion of the outstanding balance between $ 700.01 and $ 1,400; and (iii) 15 % per month on the portion of the outstanding balance of $ 1,400.01 and higloan that remains outstanding: (i) 22 % per month on the portion of the outstanding balance up to and including $ 700; (ii) 18 % per month on the portion of the outstanding balance between $ 700.01 and $ 1,400; and (iii) 15 % per month on the portion of the outstanding balance of $ 1,400.01 and higher.

The fee is calculated on the basis of the remaining outstanding principal balance of the loan prior to applying the current payment.

Your monthly payment includes: (1) the interest you owe on your outstanding loan balance and (2) a portion of the principal itself, which reduces the remaining loan balance.

Your monthly mortgage payment includes: (1) the interest you owe on your outstanding loan balance and (2) a portion of the principal itself, which reduces the remaining loan balance.

Much like any other loan, the issuer will charge interest on the outstanding principal.

For example, if your mortgage loan has an interest rate of 4 %, then your annual payment is 4 % of the outstanding principal.

It is a federal student loan forgiveness program, designed for eligible teachers teaching in elementary and secondary schools to forgive all or a portion of the outstanding principal and interest on federal Stafford loans, or on consolidated loans that hold federal Stafford loans.

The rate for the mortgage insurance is.35 % of the outstanding principal balance and the current guarantee fee is 1 % of loan amount.

Even then, the principal amount of the new loan can not be more than the outstanding balance on the refinanced loan.

B.) the difference between the balance of the principal owing at the time of prepayment, and the present value of all monthly loan payments to the date of maturity together with the present value of the principal outstanding at the date of maturity.

Data from the Moneylenders Credit Bureau for loans taken between March last year and March this year shows that 610 Singapore citizen and permanent resident borrowers have an outstanding loan principal sum exceeding their respective aggregate loan caps.

Full - time, US - based employees with a minimum of one outstanding loan who are either in the process of earning or have earned a degree at an accredited university will receive $ 100 per month applied toward their loan principal for 36 months for a total of $ 3,600.

If you choose to make a reduced payment while paid ahead, your loan will not be considered past due, but the next payment you make will first be applied to the outstanding interest that has accrued since the last time you paid and then any remaining amount will be applied to the principal balance.

Note: Regardless of any special handling instructions, all outstanding interest on the affected loans must be satisfied before funds may be applied to principal.