Please refer to the Facility Terms and Conditions for full details. Is there a minimum monthly repayment amount. Yes. This is a Just Cash Flow PLC BusinessBuilder Loan which is provided with a Credit Limit to be used in connection with the Facility Terms and Conditions.

This is a 'loan' account and does have a repayment agreement. The facility is provided for a fixed period and is repayable on demand during this period subject to the Facility Terms and Conditions.

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Pre-approval : Certificate of Pre-Approval issued by the Office of Loan Programs that states a borrowers credit, assets and income have been verified and the applicant qualifies for a Program loan at a specified amount and interest rate.

At the time of pre-approval, the specified initial interest rate is not locked-in and is therefore subject to change prior to the issuance of a loan commitment letter. The initial interest rate will be the Program rate in effect at the time a loan commitment is issued.

Preliminary Disclosures : A generic term referring to a group of disclosure forms required by Federal law to be sent to a loan applicant. The forms include a Loan Estimate Disclosure, Fair Lending Notice, and a California Credit Disclosure. Prepaid Interest: Mortgage interest that is paid from the date of the funding to the end of that calendar month.

Primary Residence: A dwelling where one actually lives and is considered as the legal residence for income tax purposes. Principal: The amount of debt, exclusive of interest, remaining on a loan. Principal and Interest to Income Ratio: The ratio, expressed as a percentage, which results unsecured personal loans new york a borrower's proposed Principal and Interest payment expenses is divided by the gross monthly household income.

The maximum allowable ratio personal loan rate shopping MOP loans is 40.

Unsecured personal loans new york

Opportunity Cost The potential benefit that is foregone from not following the best (financially optimal) alternative course of action. Portfolio A unsecured personal loans new york of assets held for its investment benefits, including financial and non-financial returns. The asset mix is usually varied in kind and size to maintain an acceptable level of risk and return.

Principal In commercial law, the principal is the amount that is received, in the case of a loan, or the amount from which flows the interest. Program-Related Enterprise A business or enterprise designed to promote the social purpose goals of an organization as well as generate revenue. Among nonprofits, products and services are usually, but not exclusively, identified with the purpose of the organization.

Activities can range from fee-for-service charges to full-scale commercial ventures. Program-Related Investment Broad, functional definition: A method of providing support to an organization, consistent with program goals involving the potential return of capital within an established time frame.

Unsecured personal loans new york