Financial Term Index: E

Find Term

Early Redemption Charge

Early redemption charge is a charge impose by bank or financial institution if pay off your debts before the loan tenor ends. See also Early

Early Settlement Fee

Early settlement fee is a charge impose by bank or financial institution if pay off your debts before the loan tenor ends. See also Early

Encumbered Asset

Encumbered asset is an item of value used as collateral or security for a loan, which has a registered interest against it, for example a

Extra Repayments

Some loans (usually only variable rate loans) allow you to make extra payments above your scheduled monthly repayments, which offers the possibility of paying off

Effective Interest Rate

Effective interest rate (sometimes called EIR) is what you should look out for when comparing loans. This is because the EIR takes into consideration the

Looking For The Best Personal Loan Plan?

Use our check eligibility form to find the best personal loan to suit your needs. It will only take less than 3 minutes of your time. Click the button below and choose the best personal financing scheme for you.

Scroll Up