1. Lender: The person who gives the loan, is called a lender. - उधार देनेवाला
2. Borrower: Borrower is the person who receives the loan. - उधार लेने वाला
3. Principal amount: The amount which is borrowed is called the principal amount. Interest is calculated on the principal. वह उधार ली गई राशि जिसके ऊपर ब्याज लगता है.
4. EMI: Equated monthly installment (EMI): A fixed payment made by a borrower to a lender at a specified date each month. - एक निश्चित राशि जो प्रत्येक माह एक निर्धारित तिथि पर ऋणदाता को उधार लेने वाले के द्वारा भुगतान की जाती है.
5. KYC: Know your customer (KYC): KYC enables banks to know and understand their customers better. KYC documents include: Identity proof, residential proof, age proof, and copy of bank pass book / bank statement. - इस से आप अपने ग्राहक को और बेहतर जान सकतें हैं इसमें शामिल है आइडी प्रूफ, बैंक स्टेटमेन्ट आदि.
6. Eligibility criteria: Eligibility criteria lists certain norms that are needed for you to qualify for getting a loan. The documents may vary for different loan products. Usually, eligibility is dependent on the borrower's salary, number of dependents, whether the borrower has other loans to repay, etc. - पात्रता की कसौटी जिसके द्वारा बैंक आपको लोन देने से पहले परखता है की कहीं आप द्वारा कोई और लोन लिया गया हो जिसका भुगतान बाकी हो आदि.
7. Tenure: time duration. Loan tenure means: The time period for which the loan is approved. For example: 60 months. - अवधि
8. Disbursement: to pay out money. - भुगतान
9. Interest rate:
Interest means: A fee paid for the using someone else's money.
An interest rate is charged on the amount that has been borrowed. It is paid by the borrower to the lender. - ब्याज जो लेनदार से ली गई राशि पर लेनदार लगाता जिसे प्रत्येक माह एक निशित समय चुकाना पढ़ता है.
10. Down payment: It is the initial (upfront) payment that needs to be made when taking a loan. - प्रथम किस्त की नकद अदायगी.
E. g. If a person is taking a home loan, then he or she may need to make an initial down payment which could be between 15 to 30 per cent.
11. Processing fee: This is the fees that the bank charges to process the loan. - एक प्रकार का शुल्क जो बैंक लेता है लोन देते वक्त.
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