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Indirect loan origination cost

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Reference no: EM133253918

Keri Bank granted a 10-year loan to Blue Company in the amount of P1,500,000 with a stated interest rate of 6%. Payments are due monthly and are computed to be P16,650. Cerulean Bank incurred P40,000 of direct loan origination cost and P20,000 of indirect loan origination cost

In addition, Cerulean Bank charged Blue Company a 4-point nonrefundable loan origination fee

Reference no: EM133253918

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