loan interest
Debt's extra charge
Loan interest is the cost charged by a lender for borrowing money, typically expressed as a percentage of the principal.
It represents the price of using someone else's funds over time.
The loan interest on her mortgage was fixed at 6.5 percent.
Interest may be simple (calculated only on the original amount) or compound (calculated on principal plus accumulated interest).
- usury lawsStatutes limiting interest rates
- amortizationGradual debt reduction schedule
- balloon paymentLarge final loan installment
- capitalizedMade the first letter big
- prime rateBank's benchmark lending percentage
fixed rate · variable rate · mortgage · home equity · underwriter · APR · revolving credit · repayment plan · late fee · credit score · owe · fine print · bankruptcy law · creditor · refinance · balance · debt-to-income ratio · monthly
- school coststuition fees, student loans, financial aid, fees, school fees
- vehicle costscar payment, lease payment, lease payments, monthly payment, gas
- interest ratesprime rate, base rate, discount rate, lending rate, nominal rate
- interest deductions
- liabilitiesaccounts payable, tax liability, payables, short-term debt, long-term debt
loan interestinvestment return
Profit from placed capital
savings interest · interest income · dividend · yield · investment returns