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Main forms of the loan offered by commercial banks

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Besides buying residential properties, some retirees prefer to buy commercial lots such as shop lots and office lots as investments. The purchase of these commercial lots is usually financed by commercial banks or financial institutions. One of the main forms of the loan offered by commercial banks or financial institutions is the fixed loan. Briefly explain THREE (3) criteria that are commonly considered in the calculation of the fixed-loan installment.

Reference no: EM132834558

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