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Loans

Tenure

In the world of finance, there exists a period known as the 'loan term'. This term refers to the time frame between the disbursement of a loan and the final payment, whether it be the last EMI or the closure of the loan. It is an essential aspect to understand as it affects the overall cost and duration of the loan. So, it is crucial to carefully consider the loan term before taking on any financial obligations.

Total initial payment

When purchasing an asset, the customer is required to make an initial payment. This payment not only covers the cost of the asset, but also includes any service charges and ...

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Fixed installment

One fundamental aspect of loans is the concept of fixed installments. This refers to the regular and predetermined payments made towards a loan over the duration of its term...

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Allotment

In the world of finance, we often come across the term "subscription" when it comes to investing in a company. Simply put, subscription is the process of accepting an applica...

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Refinance

A mortgage is a financial term for a loan secured by property, typically used for purchasing a home. In some cases, a homeowner may choose to take out a second mortgage, als...

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