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Adjustable Rate Mortgage

Adjustable Rate Mortgage

The loan period is for seven years, and the borrower is required to repay principal and interest during the seven-year period depending on the agreed repayment pattern. and full payment of the outstanding amount at the end of the seven year. The interest rate may change based on pre-agreed interest rate index such as the National Bank of Ethiopia (NBE) Minimum Interest rate which is only changed by the NBE.

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