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What is Fixed Interest Rate ?

Fixed Interest Rate - An interest rate on a loan / credit facility that remains fixed either for the entire term of the loan or for part of this term is referred to as a fixed interest rate.

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Why To Choose Floating Rate of Interest ?

If one has opted for a loan at floating rate of interest he / she needs to know about Floating Rate of Interest. Check out the most important point before opting the Floating Rate of Interest. The Base / Reference rate of...

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What is Floating Rate of Interest ?

Floating Rate of Interest -A floating interest rate is a variable interest rate which can change over the duration of the loan / credit facility. The applicable interest rate on the loan moves up and down with the market rates...

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Impact of One Time Settlement Scheme (OTS) on CIBIL

One Time Settlement Scheme (OTS) and  CIBIL Score  - What would be the impact of One Time Settlement Scheme (OTS) on borrowers credit history ? Do they may apply for the fresh loan ? Can fresh loan be provided to...

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How To Calculate Loan Installment to Income Ratio (IIR) ?

Installment to Income Ratio  is used to calculate the loan eligibility of the customer. This IIR  denotes the portion of the customer's monthly installment on the Home Loan or any other loan taken. As a rule of thumb, the banks use...

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How To Calculate Loan to Value ratio LTV / LCR ?

Calculate Loan to Value ratio (LTV). LCR stands for the Loan to Cost ratio. LTV ratio used by banks  to calculate the loan amount that a person is eligible for on the total cost of the property. There is a...

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How To Calculate Fixed Obligation to Income Ratio (FOIR) in Loans ?

Fixed Obligation to Income Ratio is an important parameter in Loan calculation while maintaining Rating Chart.  Procedure for FOIR Calculation : In FOIR calculation, the Bank takes into account the installments of all other loans previously availed of by the...

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Whether Vocational Courses eligible for Education Loan ?

Vocational / skill development study courses, off-campus courses and on-site/partnership programmes are not eligible for loan under the IBA scheme.

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