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Minimum loan amount

In the world of finance, we often come across the term "minimum amount financed." This refers to the smallest sum of money that can be borrowed under a particular scheme, typically represented as a fixed amount. It is important to understand this concept as it can greatly impact the terms and conditions of a loan agreement. Let's take a closer look at how this works.

Sale Deed

A fundamental concept in finance is the deed, a written instrument that conveys ownership of a property in exchange for consideration. This crucial document must be register...

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Annual Reducing Method

Let's dive into the concept of diminishing balance method, a technique used to calculate interest on loans. The reduced principal is taken into consideration at the end of ...

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Borrower category

In the realm of finance, it is crucial to determine the status of a borrower - whether they are salaried or self-employed. This distinction holds immense significance as it ...

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Amortisation

Amortization refers to the gradual decrease of a sum of money over a specific period. This is commonly seen in loan repayment, where the borrower makes regular payments to r...

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