Fixed Interest Rate


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Related to Fixed Interest Rate: Floating interest rate

Fixed Interest Rate

An interest rate that does not change over the life of a loan or other form of credit. If one borrows money at a fixed interest rate of 10%, then 10% is calculated over the principal balance each time the interest compounds. A fixed interest rate differs from a variable interest rate, which may change, at least within certain parameters. Most home mortgages in the United States have fixed interest rates. It is also called simply a fixed rate.
References in periodicals archive ?
For the non-Orange Advantage owner-occupier customers, the bank has announced three-year fixed interest rate of 4.
A $6,000,000 first mortgage, secured by an 88,142-square-foot New Jersey office building, closed with a fixed interest rate of 4.
Summit Mortgage CEO Richard Fedele cites attractive 30-year fixed interest rates and pent-up housing demand as factors; Summit sees 76 percent increase in closed loans
DE) launched home loan schemes with fixed interest rates for initial one to five years of the loan, while State Bank of India (SBI) (SBIN.
It is a 10 year fixed rate loan that is amortized over 30 years with a fixed interest rate of 5.
I Bonds, like TIPS, have built in protection against inflation: an interest, rate that is adjusted to the Consumer Price Index every six months, in addition to a fixed interest rate that lasts the life of the bond.
The contract is divided into lots as follows Lot 1 debt repayable in 5 years - fixed interest rate or subject to annual or triennial review - maximum total amount to be borrowed: 290 000 EURLot 2 debt repayable in 10 years - fixed interest rate or subject to annual review, triennial or quinquennial - maximum total amount to be borrowed: 135 000 EURLot 3 debt repayable in 15 years - fixed interest rate or subject to annual review, triennial or quinquennial - total maximum borrowing: 1,010,000Lot 4 debt repayable in 20 years - fixed interest rate or subject to annual review, triennial or quinquennial - maximum total amount to be borrowed: 690 000 EUR.
The loan closed with a 10-year fixed interest rate of 6.
White's consolidated Stafford Loans account for about $280 of her monthly bill and have a fixed interest rate of 7.
The loans have an initial fixed interest rate period of approximately five years.
HSBC Malta has announced introduction of two new best-in-market fixed interest rate home loan offers and one on car loans, which will close on 31 December 2013.
The loan closed with a 20-year fixed interest rate of 6.