April 2019 – Property Loans Payday Loans – Skepticker.org
 

Month: April 2019

Revisable rate and variable rate

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The variable rate loan is a credit whose interest rate may fluctuate depending on the conditions of the financial markets or the terms of a loan or issue agreement. These variations may change up or down. Generally, the rate revision is done once a year. To redefine the rate of their variable rate loans, the lending institutions are based on the Euribor (Euro Interbank Offered Rate), a benchmark index for the euro area. Thanks to this index, the rate is recalculated.

At this new figure, banks will add a margin of 1% to 3%. This margin is calculated according to the situation of the borrower. The adjustable rate loan is therefore directly dependent on the evolution of the money market and these subscribers. (more…)

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