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A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Letter L
Loyalty bonus
This is a bonus payable for maintaining a satisfactory account with a lender for
a period of years this is usually given as a reduced level of interest charge
such as a preferential rate.
Loyalty bonuses may also be offered to existing customers who return to the
lender for a new mortgage. In which case the bonus may be dealt with by way of a
reduction or abolition of the set-up costs of the new loan or a lump sum payable
upon completion.
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