Tag Archives: Lifeline
Loan Repayment Holiday During Unemployment: A Financial Lifeline
Introduction Facing unemployment is a stressful experience, especially when financial obligations like loan repayments continue to mount. Many lenders recognize this challenge and offer a loan repayment holiday—a temporary pause on repayments—to help borrowers manage their finances during difficult times.
Interest Rate – The Lifeline Of A Country’s Economy
Interest Rate – The Lifeline Of A Country’s Economy An interest rate is the price a borrower pays to the lender for using his money for a specific purpose. The rates are usually calculated on a monthly basis. However, they