Financial Term Index: R

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Redraw is a loan feature that enables the borrower to withdraw extra repayments they’ve already paid towards the loan. Usually, this is only allowed if they

Repayment Holiday

Repayment holiday is a period of no payments, which the borrower can apply for if they are ahead on their payments.

Representative APR

Reprensative APR is the annual interest charged against the borrowed amount. This percentage is a singular number that helps people to compare the loans offered

Revolving Loan

Revolving loan is a situation whenever you need money, you can borrow up to your credit limit with a revolving loan. When you’ve paid your monthly

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