As a result of day-to-day easy interest, the date your repayment is gotten impacts the actual quantity of interest you pay.
- Once the total due is gotten just before your due date less interest accrues and much more of one’s re re re payment is used to major, decreasing the loan’s principal balance.
- As soon as the total due is gotten after your due date more interest accrues and less of one’s re payment is used to major.
Exemplory case of the way the date my re payment is gotten effects my loan(s):
| Major stability | deadline | Total due | regular interest |
|---|---|---|---|
| $6,000 | 25th | $100 | $1.15 Continue reading “How exactly does the date my re payment is gotten effect my loan(s)?” |