The phrase "amount of a loan" is correct and usable in written English.
It can be used when discussing the specific sum of money that is borrowed from a lender.
Example: "Before finalizing the agreement, we need to determine the exact amount of the loan."
Alternatives: "loan sum" or "loan value".
The federal government currently collects taxes on the amount of a loan that is forgiven.
Ordinarily, the amount of a loan that is forgiven is taxed as income.
The financial reform legislation forbids mortgage originators to charge fees linked to anything other than the principal amount of a loan.
Some microcredit lenders were charging interest rates on the full amount of a loan, rather than the declining balance, and some borrowers were bullied and humiliated.
In the years since the economy has soured, pawnshops have been making more loans than ever, and the average amount of a loan has grown from $80 in 2008 to $150 today, said Mr. Murphy.
"Charge-off" means a direct reduction (credit) to the carrying amount of a loan carried at amortized cost resulting from uncollectability with a corresponding reduction (debit) of the ALLL.
What's more, the APR cap of 26.8% means credit unions make a big loss on servicing small loan amounts: on a loan of £300 for one month they can only charge a maximum of just £6 interest.
Targeting homeowners with considerable equity in their houses, First Alliance set loan fees that ranged from 10%to25%5% of the loan amount, often exceeding $10,000 for an $87,000 loan, the average amount of a First Alliance loan, the lawsuit alleges.
Equity — The amount remaining after subtracting the amount of a mortgage loan from the sales price of the home.
In the case of a project capitalizing a rural projects fund, the maximum amount of a secured loan made to a State infrastructure bank shall be determined in accordance with section 602(a)(5)(B)(iii).
The cumulative dollar amount of all loans made to a State under this section during fiscal years 1997 through 2003 shall not exceed 10percentt of the State family assistance grant.
