Commitment charges bank
how to calculate commitment charges .50% on unavailed limit quarterly..... example would be helpful
Replies (1)
Summary: Commitment charges are calculated on the unutilized part of your credit limit. You can estimate them by multiplying your average unutilized amount by the quarterly rate (typically the annual rate divided by 4). Always verify your specific bank's terms, as they often include utilization thresholds that determine if these charges apply at all.
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