Now that you know the figures, you probably have a general idea of what kind of interest loan will apply to
specific loan amounts over a given period of time.
Not exact matches
If no
specific loan is requested, then the extra
amount paid is split evenly
over all
loans.
Installment
loans are the types of
loans that require the borrower to pay
specific amount every month
over a certain period until the total
loan amount including interest is liquidated.
Signature
Loans allow you to use your good credit to borrow a
specific amount over a pre-determined term.
These are all examples of installment
loans for bad credit, which means you borrow a
specific amount of money and you must pay it back
over a set period of time.
The advantage a line of credit has
over a regular
loan is that the line of credit does not have to be used for a
specific purchase and no interest is charged on the unused
amount.
The cost of a
loan to the borrower, expressed as a percentage of the
loan amount and paid
over a
specific period of time.
Once that period ends, you may have the option to repay the
loan amount over a
specific amount of time or you might be required to repay the balance in full.
When you apply for a
loan, you're requesting a
specific amount of money from a lender and agreeing to repay that
loan over a predetermined period of time.
This includes such details as the eventually reset interest rate,
specific loan terms, and the total dollar
amount the mortgage will cost
over time:
If no
specific loan is requested, then the extra
amount paid is split evenly
over all
loans.
Although Opus declined to disclose the
specific dollar
amount on outstanding debt, if Opus South is any indication the company is facing hundreds of millions of dollars in maturing
loans over the next two years.
Amortized
loans apply a
specific amount of each payment to the principal
amount owed to retire the
loan over the term.