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Annual Interest Rate
A yearly interest divided by principal amount
Annual percentage rate
The yearly cost of funds over the terms of a loan, including interest and all fees, expressed as a percentage number
Fixed Instalment
A repayment method of mortgage loans, which upon interest rate change, the pre-set instalment amount would be kept unchanged and the tenor would be adjusted
Fixed Tenor
A repayment method of mortgage loans, which upon interest rate change, the pre-set tenor would be kept unchanged and the instalment amount would be adjusted
Overdraft Facility
A type of credit facility which regular instalment amount is not preset to enable highest flexibility
Principal
The amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest)
Tenor
An interval of time in which instalments are paid back by a borrower to a lender
Term loan
A loan which is repaid through regular periodic payments
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