0
When you apply for a loan at a bank What is the amount borrowed called?
Wiki User
∙ 14y ago
Principal.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is a borrowed capital?
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
What is the cost of a bank loan called?
Under FHA, the cost of a bank loan is called a MIP, or mortgage insurance premium. Some banks also call this the interest on the loan. A person borrows a certain amount from the bank and then pays a percentage on that money borrowed.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Which is good to buy a house - shall i go for bank loan to buy a house or with my money?
You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.You should figure out what you would pay in interest if you borrowed the money to purchase the property. Then decide why you would want to donate that amount to the bank if you have enough cash to buy.
Ramesh borrowed money from the bank to purchase a car. In addition to paying back the borrowed funds what else will he owe the bank?
He will definitely pay interest on the amount outstanding each month... He may also have had to pay an arrangement fee.
What is the mortgage of owning a house?
the amount of money you have borrowed from the bank which you must pay back over 25+ years.
What is as a interest rate?
People and businesses can ask for loans (borrowed money generally from a bank, but can be from an organization, person, etc.).The one who asked for a loan must return the exact money PLUS an extra fee (which is decided by the bank, organization, person, etc.) This extra fee generally is a percentage of the amount of money you borrowed, and it is called an interest rate.eg. I borrowed 100 dollars from the bank. The bank told me the interest rate was 10%. In that case, when I return the money I will have to pay 110 dollars. Those 10 extra dollars (which is 10% of 100) come from the interest rate.
What is the amount of money in an account called?
It is called a bank accounts balance
What is an amount deducted from a bank account called?
debit
What is the amount of money in a bank called?
account balance
What is called the amount of money that you have in your bank account an any point in time?
Bank Balance.
What is bank balance versus cash balance?
bank balance:- A bank balance is that amount which is actually deposited in any of the bank. or the amount which has been credited in your bank account. cash balance: - It is an amount which is there in your hand. i.e., it is otherwise called as cash in hand. or else we can say that the hot cash which is there with you right now is called as a cash balance. conclusion:- bank balance is the amount deposited in bank. and cash balance is the cash in hand.
