Meaning Interest only
What does Interest only mean? Here you find 4 meanings of the word Interest only. You can also add a definition of Interest only yourself
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Interest onlyAn 'interest only' loan means that your repayments only go towards repaying the interest for a specified period, rather than repaying the principal amount of the loan. For example, paying yo [..]
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Interest onlyA loan in which the payments represent only the interest accrued for a period of time. The entire loan amount (principal) is then either amortized over an agreed upon time period, or paid off in one lump sum payment (balloon).
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Interest onlyLoan payments cover the interest charge only.
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Interest onlyAn ‘interest only’ loan means that your repayments only go towards repaying the interest for a specified period, rather than repaying the principal amount of the loan. For example, paying your loan “i [..]
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