Variable Rate Loan means any Loan when and to the extent the interest rate for such Loan is determined in relation to the Variable Rate.
Variable Rate Loan means a manufactured home transac- tion or a loan as defined in s. 138.052 (1) (b), the terms of which permits the interest rate to be increased or decreased.
Examples of Variable Rate Loan in a sentence
At the end of the period, generally the Loans convert to a Variable Rate Loan.
Borrowers may fix the interest rate on their Mortgage Loans for a period of 1, 2, 3 or 5 years, converting automatically at the end of the agreed term to a Variable Rate Loan.
The provisions set forth above in paragraph 2(a)(ii)(A) of Part III above for Uncapped Variable Rate Loans apply to a Capped Variable Rate Loan, except that during the Term, the interest rate will never exceed the Cap Rate specified in the Loan Details Area showing same.
Personal Purpose Mortgage Loan borrowers may choose a Variable Rate Loan with an Offset facility.
The loan operates in the same way as a Variable Rate Loan, but is also offset 100% against an offset savings account.
More Definitions of Variable Rate Loan
Variable Rate Loan means any Revolving Credit Loan when and to the extent the interest rate for such Revolving Credit Loan is determined in relation to the Variable Rate.
Variable Rate Loan means a mobile home transaction or a loan as defined in s. 138.052 (1) (b), the terms of which permits the interest rate to be increased or decreased.
Variable Rate Loan means a home loan where the rate of interest charged may
Variable Rate Loan means Loans which bear interest at a variable rate, as calculated by the Administrator.
Variable Rate Loan means the $7,500,000 revolving loan from the Bank in favor of the Borrower, as evidenced by the Variable Rate Promissory Note and the Loan Agreement, each entered into as of December 3, 1997. SECTION TWO ISSUANCE OF LETTER OF CREDIT