Explain what is ‘Fixed' APR and ‘Variable' APR?
Submitted by: Muhammad‘APR' (Annual Percentage Rate) can be ‘Fixed' or ‘Variable' type. In ‘Fixed APR', the interest rate remains same throughout the term of the loan or mortgage, while in ‘Variable APR' the interest rate will change without notice, based on the other factors like ‘prime rate'.
Submitted by: Muhammad
Submitted by: Muhammad
Read Online Commercial Loan Officer Job Interview Questions And Answers
Top Commercial Loan Officer Questions
☺ | Explain what is consumer bank? |
☺ | Tell us what is ‘Crossed Cheque’? |
☺ | Explain what is ‘Fixed’ APR and ‘Variable’ APR? |
☺ | Explain me what is negative Amortization? |
☺ | Please explain what is ‘Credit-Netting’? |
Top Financial Account Categories
☺ | CFO Interview Questions. |
☺ | Billing Specialist Interview Questions. |
☺ | Financial Controller Interview Questions. |
☺ | Hedge Fund Trader Interview Questions. |
☺ | Budget Analyst Interview Questions. |