Equivalent loan
Equivalent loan
Given the after-tax stream associated with a lease, the maximum amount of conventional debt that the same period-by-period after-tax debt service stream is capable of supporting.
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BEIJING, PEOPLE'S REPUBLIC OF CHINA: The Asian Development Bank (ADB) signed a $300 million equivalent loan facility with Beijing Capital Co., Ltd.
The financing is alongside a $72 million senior loan and $22 million mezzanine loan from the European Bank for Reconstruction and Development (EBRD), and a $72 million equivalent loan from the Commercial International Bank (CIB).
Typically, the interest charged on a PS400 loan from a credit union which is paid back in a month is PS12, while the interest on the equivalent loan from a traditional payday lender is PS120 - a huge PS108 difference.
JAKARTA -- The Asian Development Bank (ADB) has approved a US$430 million equivalent loan to expand and strengthen Pakistan's national social safety net program, which is helping to lift millions of families out of poverty.
The European Bank for Reconstruction and Development (EBRD) has extended a USD3m equivalent loan to Mol Bulak Finance for on-lending to micro and small enterprises (MSEs) in the Kyrgyz Republic, the Banking Business Review has reported.
Sindh: The ADB Board of Directors also approved a $120 million equivalent loan from ADB's concessional Asian Development Fund for the second phase of the 3-phase Sindh Growth and Rural Revitalization Program.
ADB's Board of Directors has approved a $28 million equivalent loan and $22 million grant from its concessional Asian Development Fund for a second rehabilitation project on the Bishkek-Torugart Road.
An equivalent loan could cost as little as seven per cent, depending on your credit record.
WASHINGTON - International Finance Corp., a member of the World Bank group, said Thursday it will offer a $5.5 million equivalent loan to support the transfer of Japanese car manufacturing technologies to Russia.
The change will leave a two-year fixed rate mortgage for a borrower with a 10 per cent deposit who pays a pounds 799 arrangement fee at 5.97 per cent, while the equivalent loan fixed for 10 years is reduced by 0.72 per cent, also to 5.97 per cent.
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