A call loan is a type of loan where the borrower is only required to pay interest on the loan for a certain period of time, after which the entire loan must be repaid. This type of loan is often used by businesses to finance short-term projects or expenses. What do you call a loan without interest? A loan without interest is called a "zero-interest loan."
What is call rate definition?
Call rate definition:
The call rate is the interest rate that a borrower pays on a loan that is subject to a call provision. This provision allows the lender to demand repayment of the loan, in whole or in part, at any time. The call rate is typically higher than the contract rate, to compensate the lender for the added risk. What is the call loan rate? The call loan rate is the interest rate charged on loans that can be called in by the lender at any time. These loans are typically used for short-term financing needs, such as bridge loans or construction loans. The call loan rate is usually higher than the prime rate, since the lender is taking on more risk. Which loans are short term? The term of a loan is the length of time that the borrower has to repay the loan. A short-term loan has a term of one year or less. The term of a long-term loan is more than one year. What are the 4 common types of consumer loans? There are four common types of consumer loans:
1. Installment Loans
2. Revolving Loans
3. Balloon Loans
4. Lines of Credit