Fhadfh Gadfgsdfh
New member
hi i was doing a economics assignment and theres a part where i have to research on business loans,,,
well im doing my research on commonwealth bank and i don't get some parts:
well if u go to the website theres a loan thats called the bill facility
and i don't get the following sentences...
"A variable facility that offers an interest rate on a short-term basis (providing the flexibility to reset your rate every 30, 60, 90, 120, 150 or 180 days)"
"Principal reductions at each rollover can be established"
i just dont get what they mean...
and the loan thats called business line of credit i don't get what the following means
"A line fee is payable on the total approved limit."
thanx if u could plz put it in a form so that someone that doesn't know anything about bank loans could understand it would be much appriciated
well im doing my research on commonwealth bank and i don't get some parts:
well if u go to the website theres a loan thats called the bill facility
and i don't get the following sentences...
"A variable facility that offers an interest rate on a short-term basis (providing the flexibility to reset your rate every 30, 60, 90, 120, 150 or 180 days)"
"Principal reductions at each rollover can be established"
i just dont get what they mean...
and the loan thats called business line of credit i don't get what the following means
"A line fee is payable on the total approved limit."
thanx if u could plz put it in a form so that someone that doesn't know anything about bank loans could understand it would be much appriciated