nedskrivning af trækningsret

English translation: EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]

08:49 Dec 12, 2018
Danish to English translations [PRO]
Bus/Financial - Finance (general)
Danish term or phrase: nedskrivning af trækningsret
From a credit agreement.
I think I get the general idea here: reducing the amount of credit or paying off the loan.
But not sure how to express this correctly in English.

Kredittens trækningsret nedbringes med 5.000,00 kr. hver måned, første gang den DD/MM/YY og i alt 235 gange.

...

Bliver værdien af de til enhver tid stillede sikkerheder væsentlig forringet, kan banken forlange, at trækningsretten nedskrives, eller at I skal stille yderligere sikkerhed, som banken kan acceptere.
Michael Purvis
English translation:EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]
Explanation:
EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]

The equated monthly installment loan balance available to draw on is reduced by DKK.5,000.00 each month, with the first monthly installment reduced on DD / MM / YY and covering 235 monthly reductions.

If the value of the collateral at any given moment is significantly impaired, the bank may reduce the equated monthly installment loan balance available to draw on or you must provide additional collateral that the bank can accept.

sources:

Equated Monthly Installment - EMI - Investopedia
https://www.investopedia.com › ... › Budgeting & Savings
17 ene. 2018 - An equated monthly installment is a fixed payment amount made by a ... The EMI flat rate formula is calculated by summing the principal loan amount and ... The EMI reducing balance method is calculated using the formula.

What does a monthly reducing loan mean? - Business Today
https://www.businesstoday.in/...monthly-reducing-loan.../710...
6 mar. 2008 - In the monthly reducing cycle, the principal is reduced with every EMI and the interest is calculated on the balance outstanding. Most home, vehicle and personal loans are computed on a monthly reducing basis. There is also a daily reducing method, in which the principal is reduced every day.

Monthly Reducing Balance vs Daily Reducing Balance | EMI Calculator
https://emicalculator.net/monthly-reducing-balance-vs-daily-...
14 dic. 2017 - While browsing for various home loan products, you would have come across terms, Monthly Reducing Balance and Daily Reducing Balance.

Reducing Balance Loan Calculator - BankBazaar
https://www.bankbazaar.com › EMI Calculator
Annual reducing loans are not as common as monthly reducing loans. Monthly reducing cycle, on the other hand, uses a method of calculation where the principal is reduced each time you pay an EMI, and the outstanding balance is used to calculate the interest.

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Note added at 11 hrs (2018-12-12 20:39:27 GMT)
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a.k.a. drawing power:

The drawing power is reduced by DKK.5,000.00 each month, with the first monthly drawing power reduction on DD / MM / YY and covering 235 monthly reductions.

If the value of the collateral at any given moment is significantly impaired, the bank may reduce the monthly drawing power or you must provide additional collateral that the bank can accept.

sources:

SBI MaxGain - Why should you choose this home saver loan? | EMI ...
https://emicalculator.net/sbi-maxgain-why-should-you-choose-...
3 ene. 2014 - Drawing Power = Outstanding principal loan amount. Available ... Your monthly EMI will not vary despite surplus amount in the OD account.

Drawing Power v/s Sanctioned Limit - eFinanceManagement.com
https://efinancemanagement.com › Working Capital Financing
18 jun. 2018 - Drawing power calculation also helps the lending institutions to keep ... The amount eligible for drawing power can change every month and is ...

Drawing Power - eFinanceManagement.com
https://efinancemanagement.com › Working Capital Financing
1 oct. 2018 - Drawing power is the limit up to which a firm or company can withdraw ... of updating drawing power based on monthly/quarterly closing stock-book debt ... Depending upon aggression of bank in lending, the margin is kept.

What is the difference between drawing power and an outstanding ...
https://www.quora.com/What-is-the-difference-between-drawing...
12 mar. 2015 - Every month the borrower has to submit Stock Statement to the Bank The . ... What are drawing power and outstanding amount in loan account of SBI in layman's ...
Selected response from:

andres-larsen
Venezuela
Local time: 14:23
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
1EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]
andres-larsen


Discussion entries: 1





  

Answers


8 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]


Explanation:
EMI [equated monthly installment] loan balance reduction [monthly reducing loan facility]

The equated monthly installment loan balance available to draw on is reduced by DKK.5,000.00 each month, with the first monthly installment reduced on DD / MM / YY and covering 235 monthly reductions.

If the value of the collateral at any given moment is significantly impaired, the bank may reduce the equated monthly installment loan balance available to draw on or you must provide additional collateral that the bank can accept.

sources:

Equated Monthly Installment - EMI - Investopedia
https://www.investopedia.com › ... › Budgeting & Savings
17 ene. 2018 - An equated monthly installment is a fixed payment amount made by a ... The EMI flat rate formula is calculated by summing the principal loan amount and ... The EMI reducing balance method is calculated using the formula.

What does a monthly reducing loan mean? - Business Today
https://www.businesstoday.in/...monthly-reducing-loan.../710...
6 mar. 2008 - In the monthly reducing cycle, the principal is reduced with every EMI and the interest is calculated on the balance outstanding. Most home, vehicle and personal loans are computed on a monthly reducing basis. There is also a daily reducing method, in which the principal is reduced every day.

Monthly Reducing Balance vs Daily Reducing Balance | EMI Calculator
https://emicalculator.net/monthly-reducing-balance-vs-daily-...
14 dic. 2017 - While browsing for various home loan products, you would have come across terms, Monthly Reducing Balance and Daily Reducing Balance.

Reducing Balance Loan Calculator - BankBazaar
https://www.bankbazaar.com › EMI Calculator
Annual reducing loans are not as common as monthly reducing loans. Monthly reducing cycle, on the other hand, uses a method of calculation where the principal is reduced each time you pay an EMI, and the outstanding balance is used to calculate the interest.

--------------------------------------------------
Note added at 11 hrs (2018-12-12 20:39:27 GMT)
--------------------------------------------------

a.k.a. drawing power:

The drawing power is reduced by DKK.5,000.00 each month, with the first monthly drawing power reduction on DD / MM / YY and covering 235 monthly reductions.

If the value of the collateral at any given moment is significantly impaired, the bank may reduce the monthly drawing power or you must provide additional collateral that the bank can accept.

sources:

SBI MaxGain - Why should you choose this home saver loan? | EMI ...
https://emicalculator.net/sbi-maxgain-why-should-you-choose-...
3 ene. 2014 - Drawing Power = Outstanding principal loan amount. Available ... Your monthly EMI will not vary despite surplus amount in the OD account.

Drawing Power v/s Sanctioned Limit - eFinanceManagement.com
https://efinancemanagement.com › Working Capital Financing
18 jun. 2018 - Drawing power calculation also helps the lending institutions to keep ... The amount eligible for drawing power can change every month and is ...

Drawing Power - eFinanceManagement.com
https://efinancemanagement.com › Working Capital Financing
1 oct. 2018 - Drawing power is the limit up to which a firm or company can withdraw ... of updating drawing power based on monthly/quarterly closing stock-book debt ... Depending upon aggression of bank in lending, the margin is kept.

What is the difference between drawing power and an outstanding ...
https://www.quora.com/What-is-the-difference-between-drawing...
12 mar. 2015 - Every month the borrower has to submit Stock Statement to the Bank The . ... What are drawing power and outstanding amount in loan account of SBI in layman's ...

andres-larsen
Venezuela
Local time: 14:23
Native speaker of: Native in EnglishEnglish
PRO pts in category: 73
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