Loan Tenure definition

Loan Tenure means the period for which loan amount is availed for and shall not include the days for which the initial interest amount will be billed.
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Loan Tenure means the Tenure of the Loan as specified in Schedule II. 'Monthly Instalments' or 'Equated Monthly Instalments (EMIs)' means the amount payable every month by the Borrower to the Lender comprising of the interest, or as the case may be, principal amount of the Loan and/or interest;
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Loan Tenure means the tenure of the Loan as specified in Schedule II;
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Examples of Loan Tenure in a sentence

  • Based on the part Pre -Payment made by the Borrower, as stated herein, either the Loan Tenure shall be reduced to the extent of the part Pre-Payment made or the Monthly Instalment amount shall be reduced by maintaining the Loan Tenure with the mutual written consent of the Parties.

  • Loan Terms i.e., Loan Amount, Rate of Interest, EMI (Equated Monthly Installment) and Loan Tenure would be as detailed in Loan Documents.

  • During the entire Loan Tenure [including principal payment standstill period (in the duration of which the Borrower does not have to service the principal component), if any], receivables from the sale of the Flats/Units in the Project, which are hypothecated with BHFL, will be deposited with BHFL vide the Escrow mechanism as agreed between BHFL and the Borrower and as detailed in the Loan Agreement and the Escrow Agreement.

  • At the end of principal payment standstill period, if any, the actual POS will be divided by remaining Loan Tenure.

  • The Lender may during the Loan Tenure and at its sole discretion, with or without any prior notice to the Borrower, amend / revise any of the terms and conditions contained in the Agreement including the repayment schedule, Interest Rate and/or any other fee or charge such as Penal Interest, processing fees, Bounce Charges, Outstation Collection Charges, Pre-payment Charges, Service charges, other charges etc.

  • Lender will not charge any fees or charge, which is not mentioned in the KFS at any stage during the Loan Tenure.

  • The Lender may during the Loan Tenure and at its sole discretion, with or without any prior notice to the Borrower, amend / revise any of the terms and conditions contained in the Agreement including the repayment schedule, Interest Rate and/or any other fee or charge such as Penal Interest, processing fees, annual maintenance charges, Bounce Charges, Outstation Collection Charges, PDC Swap Charges, Pre-payment Charges, activation fee, Flexi Fee, service charges, other charges etc.

  • Commercial Terms with regards to Discount for Education Institution Sr. No. Fixed Discount % offered by the Education Institute Maximum Loan Tenure 1 4% of Loan Amount 6 Months 0.7% of the Loan Amount shall be given to the Education Institute in the form of cashback.

Related to Loan Tenure

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.