Financial Term Index: T

Find Term

Term

Term is the duration of time in which a loan has to be repaid.

Term Loan

With a term loan, you have to make fixed monthly payments over the agreed loan tenor. This is the opposite of a revolving loan.

Tenure

Tenure similar to a term is the amount of time provided in which one has to pay back the loan. Generally, the longer the tenure,

Total Amount Payable

Total amount payable is when you add the interest rates, processing and handling fees on top of the amount borrowed over the loan tenor, you get

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