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Maximum loan amount

In the realm of finance, the term 'maximum amount financed' refers to the highest sum of money that can be borrowed through a financing scheme. This amount is typically expressed as either a fixed numerical value or a percentage of the asset's overall worth. It is important to carefully consider this figure when making financial decisions, as it can greatly impact the overall cost and feasibility of a particular venture. As knowledgeable individuals in the field of finance, it is crucial to have a thorough understanding of this concept and its implications.

IRR

It is used to evaluate the profitability of potential investments and is expressed as a percentage. Understanding finance terms is crucial for making informed investment de...

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Eligibility

Lenders have established a commonly accepted set of standards to assess an individual's eligibility for a loan. This criteria takes into consideration both the borrower's wi...

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Advance EMI

Equated installments are a common aspect of disbursing finances, and it's important to understand how they work. Essentially, these are a predetermined number of payments th...

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ADR

In the world of finance, there is a term that has gained popularity in recent times, known as ADR or American Depository Receipt. This instrument is traded in the US market ...

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