How can the date my payment is gotten effect my loan(s)?

نوشته ای از عباس اصغرزاده در Installment Loans In... | 2020.07.16 - 8:19 ب.ظ

How can the date my payment is gotten effect my loan(s)?

As a result of day-to-day easy interest, the date your repayment is gotten impacts the level of interest you spend.

  • As soon as the total due is gotten just before your due date less interest accrues and much more of one’s re re payment is used to major, decreasing the loan’s balance that is principal.
  • Once the total due is gotten after your due date more interest accrues and less of the payment is used to principal.

Exemplory instance of the way the date my re payment is gotten effects my loan(s):

Major stability deadline Total due day-to-day interest
$6,000 25th $100 $1.15
  • If $100 is received in the 25th of this thirty days, the repayment will first be employed to accrued interest of $34.50 additionally the staying $65.50 will be put on the main stability, decreasing the key stability to $5,934.50. (بیشتر…)