How is interest on personal loan calculated? - letsdiskuss
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shane robert

Manager | Posted on | Share-Market-Finance


How is interest on personal loan calculated?


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When you take away a loan, whether or not it’s a personal loan, home loan or credit card, you’ll need to pay back each the amount you borrowed and interest on high of it. however what will we mean by that?

(interest rate/no of payment)*loan principal=interest



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