Loans, loan-related terminology in English 2
Choose the best response to complete each of the sentences below.
1. The interest _________________ will be lowered if you make 12 consecutive payments on time.
2. We can transfer the money _________________ into your bank account.
3. This is not a one-time fee. It is a _________________ fee.
4. He couldn't pay his loan. = He _________________ on his loan.
5. In the United States, it is illegal to _________________ an application fee for a federal loan.
6. How much is your __________________? = How much money did you borrow?
7. The bank hasn't __________________ our loan yet.
8. __________________ interest is basically accumulated interest.
9. __________________ of the loan amount = no matter how much the loan amount is
10. He couldn't pay his loan. = He is _________________ in repaying his loan.
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