"Principal loan amount
of Rs 177.68 crore was settled at Rs 130 crore under One Time Settlement (OTS) illegally and against the bank norms, thereby the bank management by abuse of their authority waived off Rs 50 crore on the principal amount which has inflicted a huge loss to the Bank," the release read.
If a customer has a positive credit history and the loan amount
does not exceed 300,000 AMD, he/she is to present only the
The subject property involved a loan amount
$2,100,00 with a 5-year adjustable rate 10-year term.
There is an arrangement fee of 2 per cent of the loan amount
and the maximum amount you can borrow is the same at 75 per cent of the value of the property although the maximum loan is higher at pounds 1,000,000.
It's possible to repay up to five per cent of the loan amount
each year without penalty.
The average loan amount
for subprime loans in the first half of 2006 was $200,167--this is 7 percent higher than the average loan amount
for subprime loans of $186,790 in the second half of 2005.
In the second quarter of this year, 74% of all refinanced loans resulted in a loan amount
that was at least 5% higher, meaning that the majority of people refinancing are doing so to take cash out, not to get a lower rate.
The Home Ownership and Equity Protection Act of 1994 restricts credit terms such as "balloon payments" and requires additional disclosures when total points and fees payable by the consumer exceed the fee-based trigger (initially set at $400 and adjusted annually) or 8 percent of the total loan amount
, whichever is larger.
* The taxpayer's basis should be limited to the fair market value of the assets received, rather than the full loan amount
"The maximum loan amount
has not been adjusted for inflation," said Boyle.
The minimum loan amount
is $100,000 and the maximum loan amount
is set at $1 million.
Since one point equals 1% of the loan amount
, what is a fair amount of points to charge?