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The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. However, your age, if you are younger, may have an effect on your credit score which can affect your interest rate.
What else can I help you with?
Effect of interest rate on consumer finance?
Effect of interest rate on consumer finance?
What is the current interest rate for auto finance?
Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.
In finance IRO stands for what?
interest rate option
What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?
continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.
How much would your finacnce charge be if you had to pay each month on a 1000 balance?
The finance charge would depend on the interest rate and the number of months it will take you to repay the loan.
What is HSBC auto finance interest cost?
It depends on your credit rating. If you have an excellent credit rating then you will be able to get a low rate from HSBC auto finance. If you have a lower credit rating your interest rate will be higher.
How is the finance charge on an auto loan calculated?
The finance charge on an auto loan is calculated based on the interest rate and the outstanding principal balance of the loan. It is typically determined using the formula: Finance Charge = Principal Balance × Interest Rate × Time. The interest rate can be expressed as an annual percentage rate (APR), which is then divided by the number of periods (months) in a year to find the monthly rate. Additional fees and charges may also be included in the total finance charge.
What is your monthly interest rate at 9.75 percent on 365.00?
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.
Difference between interest rate and finance charge?
finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-
What is the interest rate for Lamborghini?
The interest rate will depend on a number of factors. These include who the lender is and also on their perception of your credit risk.
How much interest daily 1 million dollar?
The answer will depend on the interest rate. Multiply the annual interest rate (in percentage terms), by 10000/365
How do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
