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What else can I help you with?
What is sundry deposit?
temporary deposit. Bank will not pay any interest to you .
Why is interest rate on overdraft higher than that of loan?
To get a bank loan, the bank makes sure that you have a good credit rating and have good collateral before you get to touch their money. With an overdraft, not only are there no evidence of good character, as above, but the overdraft itself makes a person unreliable in the bank's eyes. Then, of course, they like to charge a high rate for overdrafts to train you into not doing any more overdrafts.
What is interest rate on matured unpaid amounts?
Any payments you didn't make are due on maturity date and will be charged with whatever %interest that clause states.
What is the definition of a tourist?
A tourist is temporary visitor to any area away from the visitors immediate home region for the purposes of pleasure or interest.
What is th highest interest rate on a personal loan?
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
What are the terms and conditions of the 0 interest loan for 12 months?
The terms and conditions of the 0 interest loan for 12 months include no interest charged on the borrowed amount for the first year. After 12 months, interest will be applied to any remaining balance.
Do you have multiple penal interest on overdue account?
There is only single penal interest to be charged on an overdue account. We can have a separate penalty fee on overdue account when any installment becomes due.
What is interest free credit?
Interest free credit allows you to buy an item such as a washing machine, car or sofa, then pay for the item over a period of time, usually around 2 years, in monthly instalments without any interest being charged (interest free).
Can a late fee be charged because another late fee was not paid?
Yes, a late fee can be charged on any outstanding debt. It doesn't matter where the debt came from, late fees and interest charges can continue to accumulate.
A sum paid or charged for the use of money or for borrowing money?
The sum paid or charged for the use of money or for borrowing money is known as interest. It is typically expressed as a percentage of the principal amount, which is the initial sum borrowed or invested. Interest can be classified as simple, calculated only on the principal, or compound, which is calculated on the principal plus any accumulated interest. This financial concept is fundamental in banking, loans, and investments.
What's the "trick" behind Zero interest credit cards?
I have a credit card with Capital One. For the first year, I was not supposed to be charged any interest on my purchases. Capital One kept their word. However, after the first year I did not fully pay off all my purchases. Now I am being charged a ton of interest. I guess the trick is to try your hardest to be able to pay off the balance before the time is up on the zero percent interest promotion.
Effects of a deed of release?
It releases any interest of the grantor.It releases any interest of the grantor.It releases any interest of the grantor.It releases any interest of the grantor.
