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I have purchased a car for business taking bank loan repayable on equated monthly instalment basis. Can I capitalize the interest in the cost of the car?
Wiki User
∙ 12y ago
Yes, interest on a loan can be capitalized, meaning that it is added to the principal amount of the loan. This can occur during periods of deferment, when the borrower is not required to make payments on the loan, or during certain stages of a construction project.
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"Leap" will be capitalised at the start of a sentence, but "year" immediately after will not be. The phrase would not be capitalised in the middle of a sentence. There is a movie called "Leap Year" and it would be capitalised, as it is a proper noun.
Should last names be capitalised?
All names (being nouns): first, surname and any name(s) in between should be capitalised.
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Is maison capitalised in French?
Yes, "maison" is not capitalized in French unless it is at the beginning of a sentence or part of a proper noun.
Is the Interest paid during construction stage to be capitalised?
yes
What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
Where can one calculate interest of a loan?
The interest of a loan can be calculated by using the 'Loan Calculator' facility at the Bankrate website. One would need to know details, such as the interest rate and the loan term.
How does a secured loan differ from an unsecured loan?
A secured loan is a loan that some monetary interest (money or property of value) attached to the loan to insure its repayment. If the loan is not repaid, the monetary interest becomes the property of the loaning party. A unsecured loan does not have a monetary interest attachment.
What does interest capitalization mean?
Capitalization occurs when your lender or loan servicer adds the amount of unpaid, accrued interest on your student loan to your loan balance. Once this interest has been capitalized, interest begins to accrue on that new, higher loan balance.
How do you take interest free loan?
we can take interest free loans if it is allowed by the authorized govt. of that bank from where we are taking loan.
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
How much interest will be charged on my loan if I repay before interest becomes due?
If you repay your loan before the interest comes due you will be probably be paying no interest on your loan. You will probably only be paying off the principal.
