A maximum loan amount describes the total amount that a borrower is authorized to borrow. Maximum loan amounts are used in standard loans, credit cards and line of credit accounts.
An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.
Period from the date of disbursement of loan to the date of the last EMI payment or the date of closure of loan.
EMI Type specifies that you would pay the EMI at the beginning of the month or in arrears.
Processing fee is a fee charged to a potential borrower for processing an application for a loan.