What is Daily Interest?

August 19, 2017
Bob Korver

Mortgage Choice –Eight Mile Plains Info series

 

JARGON EXPLAINED!

 

DAILY INTEREST

 

The interest on the loan is calculated daily on the outstanding balance. In most cases it is then charged monthly to the loan.

For more information contact Bob Korver on 0408 050 378 or Vicky Bleathman on 0403 152 390 from Mortgage Choice – Eight Mile Plains or visit https://www.mortgagechoice.com.au/bob.korver

 

 

Important information

This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.

 

Posted in: Interest rates

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