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Product Overview
Key Features
Such debt typically uses an index or other base rate for establishing the interest rate for each relevant period. One of the most common rates to use as the basis for applying interest rates is the London Inter-bank Offered Rate or LIBOR (the rates at which large banks lend to each other).
The rate for such debt will usually be referred to as a spread or margin over the base rate: for example a five-year loan may be priced at six-month LIBOR + 2.50%. At the end of each six-month period the rate for the following period will be based on LIBOR at that point (the reset date) plus the spread. The basis will be agreed between the borrower and lender but 1 3 6 or 12 month money market rates are commonly used for commercial loans.
Company Details
Focusing on a customer-centric approach Victory Devices Pvt. Ltd. has a pan-India presence and caters to a huge consumer base throughout the country. Buy Finance & Accounts in bulk from Victory Devices Pvt. Ltd. at Trade India quality-assured products.
Business Type
Supplier, Trading Company, Wholesaler, Retailer, Dealer
Employee Count
5
Establishment
2010
Working Days
Monday To Sunday
GST NO
07AADCV2531K1ZB
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Seller Details
GST - 07AADCV2531K1ZB
Delhi, Delhi
Director
Mr. Honey Jain
Address
1663 Bhagirath Palace Chandni Chowk Delhi Delhi 110006 India
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