charge interest

USAGE SUMMARY

"charge interest" is correct and usable in written English.
You can use it to refer to a situation in which a lender adds interest to a loan or other debt. Example Sentence: We had to agree to the bank's terms, which included charging interest on the loan.

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

(Kiva doesn't charge interest to the for-profit middlemen, but the middlemen do charge the borrowers).

Forbes

The moneylenders charge interest at punitive rates.

The Economist

If they want to charge interest, great.

The New York Times

"My own analyst would probably charge interest," said Dr. Dienstag.

The New York Times

They entitle the lender to charge interest on a loan.

The Guardian - Money

"We charge interest on a small minority of our accounts.

The Guardian - Money

Five-year fixed-rate mortgages now charge interest of just 2.99%.

The Economist

Some insurers charge interest on installment payments, so try paying upfront for the whole year.

Independent

These are government-subsidised personal loans which do not charge interest while you are studying.

Independent

In the meantime, the bank can charge interest on that debt.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

1 human-written examples

One key difference between federal and student loans is how they charge interest.

Forbes

Expert writing Tips

Best practice

When discussing loan agreements, be specific about the "charge interest" rate and compounding frequency to ensure clarity and avoid disputes.

Common error

Avoid using "charge interest" when you actually mean charging late fees. Interest accrues on the principal, while late fees are penalties for missed payments.

Linguistic Context

The phrase "charge interest" functions as a verb phrase. It describes the action of a lender imposing a fee (interest) on a loan or credit. Ludwig AI confirms its correctness and usability. Many examples illustrate its use in financial contexts, like loans and credit cards.

Expression frequency: Very common

Frequent in

News & Media

68%

Academia

16%

Formal & Business

9%

Less common in

Science

3%

Wiki

3%

Encyclopedias

1%

Ludwig's WRAP-UP

In summary, "charge interest" is a common and grammatically sound verb phrase used to describe the act of a lender adding interest to a loan or debt. Ludwig AI affirms its correctness and wide applicability. Its primary function is to inform about the cost of borrowing, and it's frequently found in news, academic, and business contexts. While the phrase itself maintains a neutral tone, it's vital to use it precisely, differentiating it from related concepts like late fees. The phrase appears most often in News & Media sources, making it important to get familiar with it.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

apply interest

Focuses on the action of applying interest to an account or loan.

assess interest

Emphasizes the evaluation and determination of the interest amount.

impose interest

Highlights the act of enforcing an interest charge.

levy interest

Similar to 'impose', suggesting a formal charging of interest.

accrue interest

Focuses on the gradual accumulation of interest over time.

calculate interest

Refers to the specific computation of the interest due.

demand interest

Emphasizes the lender's request or requirement for interest payment.

exact interest

Highlights the act of strictly requiring interest.

require interest

Similar to 'demand', indicating a necessary condition of the loan.

add interest

A more general term for including interest in the total amount owed.

FAQs

How is "charge interest" typically used in a sentence?

You'll often see "charge interest" used to describe what a lender does, such as "The bank will "charge interest" on the loan amount".

What are some alternatives to saying "charge interest"?

Depending on the context, you could use phrases like "apply interest", "assess interest", or "impose interest".

Is it correct to say "charge interest on" or "charge interest for"?

"Charge interest on" is the more common and grammatically sound choice. For example, "We "charge interest" on outstanding balances" is preferable to "charge interest for outstanding balances".

What factors determine how much interest a lender can "charge interest"?

Interest rates are influenced by factors like prevailing market rates, the borrower's creditworthiness, and regulatory limits. Lenders must adhere to legal restrictions on how much they can "charge interest".