APR
APR means Annual Percentage Rate. The law require firms to show their interest rates in form of APR. For more details on APR, consult the FAQ page.

Credit Score
A credit score is a customary check done with credit reference agencies to ascertain your money management skills. It is also used to approve the loan and to confirm the identity of the loan applicant.

Debit Card
A debit card, also known as the bank card is a method of paying directly from one's cash account in the bank rather than paying on credit.

Deferral
It is a method of postponement of the full payment to be made of your loan amount for a month. But, overhead charges as prescribed shall have to be paid for the month.