Thu, Jan 25, 2024
A term loan is a fixed-amount loan with a fixed repayment schedule that you take from a bank, non-banking finance company (NBFC), or any financial institution. In a term loan, the interest is calculated on the entire loan amount, while in overdraft, the interest is calculated only on the amount you withdraw from the OD.
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Fri, Nov 04, 2016
Joining the rate cut war, biggest mortgage firm HDFC and private sector lender ICICI Bank on Thursday cut home loan rates by 0.15%, a move that may be followed by other lenders.
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