Competitive interest rates definition

Competitive interest rates means rates of interest for loans with similar terms charged by private lending institutions in the same area to borrowers of equivalent creditworthiness and access to alternative credit.
Sample 1

Examples of Competitive interest rates in a sentence

  • The AMP Notice Account offers many benefits including: – Competitive interest rates.

  • Competitive interest rates, fast Loan facility, online service and money transfer benefits.

  • These benefits include: • No down payment requirement; • Competitive interest rates; • Limited closing costs; • No loan limit on funding based on local median home price; • No need for private mortgage insurance (PMI); and • A lifetime benefit, meaning the program can be used multiple times.

  • Competitive interest rates, coupled with structured benefits, lead to sustained cash flows.

  • The Board has determined it is in the best interests of the Corporation to effect the Name Change to better reflect the Corporation's go-forward business strategy and operations.

  • Competitive interest rates with a guaranteed fixed rate of return • Funds are Capital Guaranteed by the Anglican Diocese of Adelaide • No account keeping fees or charges are incurred by the investor • Minimum investment $1,000 • Interest is calculated and paid at the end of selected term • Additional investments can be added at the end of each term • Various Terms: 3, 6, 9 months or 1 year • For investments over $100,000 please contact AFSA on (08) 8305 9305 for special rates.

  • Financing for the purchase of a new or used boat or RV or to refinance one you already have Benefits Competitive interest rates Extended terms Access loan.

  • Investor Customer CharacteristicsCustomer Needs• Purchasing a residential property for investment purposes for both rental and price appreciation.• Typically aged between 40-55• Has a higher than average annual income• Average mortgage size is higher than that for first time buyers and those buyers trading up.• Tends to be price conscious• Competitive interest rates and costs• Fast, efficient service• Financial advise on managing their investment portfolio.• Flexible repayment options.

  • Features and Benefits:• Any purpose personal loan for salaried executives, business person & self employed individuals• Loan up to TK 6 lacs• 12- 60 months installment option• Competitive interest rates Forms of Loans of Life line:  Health Line:This product is launched with a view to consider the needs of individuals to be healthy.

  • What other benefits can you expect from our U.S. Dollar Term Deposits?• Flexible terms available - terms from 30 days to 5 years.• Competitive interest rates - Guaranteed for the term of your investment.

Related to Competitive interest rates

  • Effective Interest Rate means the total interest rate established by Ecology that includes the Administrative Charge. “Estimated Loan Amount” means the initial amount of funds loaned to the RECIPIENT.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • Substitute Reference Rate of Interest means another reference rate of interest which is either officially announced as the successor reference rate of interest and may be used in accordance with the applicable law or, failing that, in the opinion of the Issuer, comes as close as possible to the composition of the Reference Rate of Interest and may be used in accordance with the applicable law.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Substitute Reference Rate of Interest Adjustments means such adjustments as are determined by the Issuer to be consistent with enabling the correct functioning of the Substitute Reference Rate of Interest (which may include, without limitation, adjustments to the applicable screen page, Business Day Convention, the definition of Business Day, the Interest Determination Date, the Day Count Fraction or any method or definition for obtaining or calculating the Substitute Reference Rate of Interest).

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Interest Rates Annual Percentage Rates (APRs) - The APR corresponds to the Daily Periodic Rate (“DPRs”): the APR is equal to the DPR multiplied by 365, and the DPR is equal to the APR divided by 365. Interest charges are calculated by using the DPR. If a rate is a variable rate, we calculate that APR by adding together an index and a margin. For more information on variable rates, please refer to Section 11 (c). We add transactions and fees to your daily balance no earlier than: For new Purchases, Balance Transfers or Cash Advances – the date of the transaction. For new Bank Card Checks - the date the payee deposits the check. Fees – either on the date of a related transaction, the date they are posted to your Account, or the last day of the billing cycle, whichever we may choose. The balances subject to interest rate for each type of transaction shown on your billing statement is the sum of the daily balances for that type of transaction divided by the number of days in the billing cycle. We may use mathematical formulas that produce equivalent results to calculate the balance subject to interest rate, interest charges andrelated amounts.

  • Reset Interest Rate means, in relation to any Reset Interest Period, the sum of the Margin and the Mid Market Swap Rate in relation to such Reset Interest Period.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Component Interest Rate Not applicable.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Base Interest Rate means a rate of interest based on the LIBOR-Rate. "Base Interest Rate Loan" means amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" means the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" means a day on which Bank is open for business for the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise an on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" means a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United Sates would be offered to Bank, outside of the United Sates, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Debtors' interest rate selection, plus Bank's costs, including the costs, if any, of reserve requirements. "Origination Date" means the first day of the Interest Period. "Reference Rate" means the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.