Sentence examples for charged on interest from inspiring English sources

The company points out its maximum loan term is 30 days – extended to 60 for late payers – and it charges 1% interest every day of a loan, not "compound interest" in which interest is charged on interest.

"Compound interest ― when interest is charged on interest ― quickly adds up and a few months of not paying off your credit card balance is especially harmful," said Danielski.

Interest charged on loans creates the interest paid on savings; each member chooses how much she wants to/can save.

But the simple business of arranging new mortgages and scooping up the difference between the interest it charged on loans and the interest it paid for funds should have put the bank into positive territory.

The unpaid interest will add to what she owes, but she won't be charged interest on that interest.

These can quickly pile up though at least you won't be charged interest on interest.

The interest paid on the savings account is likely to be 2%-3% lower than the interest charged on the loan.

But investment income rarely matches the interest charged on the loan.

The hit could be even higher, though, depending on the rate of interest charged on the buy-to-let mortgage.

Thanks to huge competition, the interest charged on credit cards generally has decreased dramatically over the past few years.

That is not to say there is no interest charged on an equity release lifetime mortgage, because there is.