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Effect of interest rate on consumer finance?
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∙ 14y ago
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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.
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/-
How do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
Present value is so important for corporate finance?
$500 if interest for five years at a 7% interest rate
How is interest on consumer credit transactions computed?
finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12
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.
An interest rate on a consumer loan of 1.5 is most apt to be a?
monthly interest rate
In finance IRO stands for what?
interest rate option
What the role of interest rate in economic and what the good and bad effect of interest rate.?
what's effect on plabmid when gene of interest large size
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.
What does the nominal interest rate mean?
A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.
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.
What does nominal interest rates means?
A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.
When a country experiences capital flight what is the effect on its interest rate and exchange rate?
interest rate decreases and exchange rate increases
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/-
How do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
