Financial Term Index: P

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Personal Instalment

A personal instalment is a term loan that disburses a fixed amount and has a fixed monthly repayment over a period of time.

Personal Loan

Personal loan is a financing taken out for a personal reason such as big-ticket household items including an overseas holiday, a car, furniture, elective surgery,

Principal

Principal of the loan is the total amount borrowed excluding any administration fees and interest.

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