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Loans

IRR

It is used to evaluate the profitability of potential investments and is expressed as a percentage.

Understanding finance terms is crucial for making informed investment decisions. One such term is the Internal Rate of Return or IRR. It measures the cost of capital and the potential earnings from a loan. This percentage helps evaluate the profitability of investments. In simpler terms, IRR tells us whether an investment is worth it or not. So, always keep an eye on the IRR when considering investment opportunities.

Total initial payment

When purchasing an asset, the customer is required to make an initial payment. This payment not only covers the cost of the asset, but also includes any service charges and ...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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Acceptance Letter

When you receive your sanction letter, it is important to carefully review the terms and conditions of the loan. If you are satisfied with the terms, you must then confirm y...

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Clear title

Allow me to introduce to you the concept of "clear title". This term refers to a title that is unquestionably free from any doubts or legal issues. When a property has a cle...

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