Meaning of KANAPALISA

KANAPALISA

Language - Tamil

Tamil Word - கனபலிசா

Interest on the money lent on mortgage, the additional amount paid by the borrower to the lender for the use of the borrowed funds. Example: In Tamil Nadu mortgage agreements, 'kanapalisa' represents the interest rate charged on the loan, which can vary depending on the lender, loan amount, and repayment terms. This term highlights the financial aspect of mortgage transactions in Tamil Nadu, where interest payments are a crucial component of the loan agreement.