Sentences with phrase «principal over a fixed term»
Equipment loans provide for periodic payments that include interest and principal over a fixed term.
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Amortizing a loan means calculating a fixed monthly payment that will cover interest and repay the principal (the original amount you borrowed) over the course of your loan term.
All of our fixed rate terms come with the peace of mind of knowing that the principal and interest payments are guaranteed not to change over the length of the term selected.