Meaning Variable Rate Loan
What does Variable Rate Loan mean? Here you find 6 meanings of the word Variable Rate Loan. You can also add a definition of Variable Rate Loan yourself
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Variable Rate LoanA loan for which the interest rate changes as conditions in the money market change.
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Variable Rate LoanLoan whose interest rate changes over its life in relation to the level of an index.
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Variable Rate LoanThe rate charged on a variable loan moves up or down in accordance with movements in interest rates, as set by the Reserve Bank. Basic variable loans generally have fewer loan features than a standard variable loan.
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Variable Rate LoanA loan for which the interest rate changes as conditions in the money market change.
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Variable Rate LoanA loan made at an interest rate that fluctuates with the prime rate, the LIBOR or some other index.
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Variable Rate LoanA loan in which the rate of interest is tied to a certain index and changes periodically based on changed in the index.
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