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Can you tell me about simple interest loan?

Oswin
India

2007-09-25 14:17

Messages: 9
Country: USA
City: Tallahassee

Can you tell me about simple interest loan?

Re: Can you tell me about simple interest loan?

Garyson
India

2007-09-25 14:26

Messages: 7
Country: UK
City: London

Consider this example if we receive a payment and it has been 25 days from the time when your last payment, and then you will be charged 25days of interest on the unpaid principal balance of your loan. The remainder of your payment is credited to principal and reduces the unpaid principal balance on your loan.

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