The process of paying a bank to let you borrow money is called "interest."
The fee charged to borrow money is called interest.
It is called "Interest" (I'm not sure if this is right)
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
A bank employee that helps customers borrow money would be called a loan officer.
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!
The fee charged to borrow money is called interest.
In home buying it's called points. 1 point = 1% of the loan amount, paid up front. ( you are pre paying interest )
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
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.
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.
It is called "Interest" (I'm not sure if this is right)
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
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.
A bank employee that helps customers borrow money would be called a loan officer.
yes Yes. And the longer you go without paying, the more money they charge you. So you'll be stuck in debt.
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!
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.