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What else can I help you with?
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
When you borrow money from a bank the money charged to you for the loan is called?
It is called "Interest" (I'm not sure if this is right)
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
How long after purchase of life insurance policy can you borrow from face value?
Take a look at your policy paying attention to the illustration in the guaranteed column. This will show you how much money you will have to borrow against in a given year. When there is enough you can borrow against it. But be careful!
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
Money a person pays to borrow money?
In home buying it's called points. 1 point = 1% of the loan amount, paid up front. ( you are pre paying interest )
Why do you receive interest on money that you keep in the bank?
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
How do you get money now and not pay anything back?
Get a job and earn it. You might be able to borrow money but you would have to pay the money back plus interest. Taking money from any source without earning it and not paying it back is called theft and is a criminal act.
How much can you borrow uk?
This depends on how much money you already have. Also, if you have a low paying job, then you won't be able to borrow as much as someone that has a well paid job.
When you borrow money from a bank the money charged to you for the loan is called?
It is called "Interest" (I'm not sure if this is right)
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What do you call a bank employee who helps customers borrow money?
A bank employee that helps customers borrow money would be called a loan officer.
Do you always borrow money with credit cards?
yes Yes. And the longer you go without paying, the more money they charge you. So you'll be stuck in debt.
How long after purchase of life insurance policy can you borrow from face value?
Take a look at your policy paying attention to the illustration in the guaranteed column. This will show you how much money you will have to borrow against in a given year. When there is enough you can borrow against it. But be careful!
How does bank earn profit?
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
