How is interest charged on my personal loan?

Franto Hruz   Online Income Systems Development
The interest rate for your personal loan will vary from lender to lender, and is affected by factors such as the cash rate set by the Reserve Bank of India, the cost of funds (which determines the prevailing market interest rate), your loan type (whether it’s a fixed or variable rate structure) and the term of your loan.
Apr 15th 2018 00:22   

Maricuta M.  Teacher
Depends of the type of your loan, With variable rate it's pèossible to pay more in a certain months or less, depends on the inflation and other financial factors. With fix rate you'll pay a fix ammount every month alond the perioad of the loan.
Apr 16th 2018 12:49   

Ross Barkely  Blogger
It depends on the lender and the type of loan.
Apr 18th 2018 04:36   

Pooja Late  so cut
Government works best when it stays out of people’s personal life’s
Apr 20th 2018 01:06   

Equitymaster Agora Research   Equitymaster - Best Financial Investor
Yes, The interest rate for your personal loan will vary from lender to lender. Equitymaster gives the detailed interest analysis. Visit
Apr 20th 2018 05:16   

Saveene Yacht  Saveene Yacht
With fix rate you'll pay a fix ammount every month alond the perioad of the loan.
Apr 24th 2018 03:51   

Karl Wu  Precision Molds $ Plastics Manufacturer
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Apr 26th 2018 09:47   

Jason Varner  Financial Projections Template
Very useful information sharing about personal loan.
May 21st 2018 06:30   

Niel Sarojaz  CEO
Depends of the type of your loan. With fix rate you'll pay a fix amount per month along the time of the loan.
May 23rd 2018 04:52   

Jennifer Powell  Loans Providers in The UK
The above listed points about various personal loans sufficiently highlight the use and the advantages of getting a personal loan.
Jun 11th 2018 07:05   

Maria khan   Manager Accounts
10% to 30 % on personal loan
Jun 21st 2018 01:57   

Adrina Martinez  Personal Loan Lender
you can expect to pay your lender over the course of your loan.
Jun 30th 2018 03:51   

Steven A. Donaldson  Native speaking English teacher
All loans follow an amortization schedule.
Jun 30th 2018 04:02   

Lowest Interest Rate  Secure Tomorrow's Dream Today
The interest rate for your personal loan will vary from lender to lender, With variable rate it's pèossible to pay more in a certain months or less, depends on the inflation and other financial factors.
Jul 4th 2018 07:15   

Benny Gala  DNS Accountants
It is depend on your cash status. You need to contact DNS accountants for full details.
Jul 25th 2018 00:40 1 Likes  

Alan M. Cohen LLC  Debt Collection Lawyer in Boston
The interest rate for your personal loan will vary from lender to lender, and is affected by factors such as the cash rate set by the Reserve Bank of India, the cost of funds (which determines the prevailing market interest rate), your loan type (whether it’s a fixed or variable rate structure) and the term of your loan.
Aug 18th 2018 07:57 1 Likes  

Amy Willor  ABAssignmenthelp
nice post thank you for sharing with us.
Sep 21st 2018 00:32 1 Likes  

Steve B.  Spokesperson for FaaastCash
Thanks for sharing this.
Apr 11th 2019 04:45    Edited in Apr 11th 2019 05:09

Breezy Loans  Financial Advisor
Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a monthly basis.
Nov 19th 2019 12:07   

Laura Lokley  Financial Advisor
Personal loan interest rates in Canada typically range from 3.7% to 47%. The rate you get will depend on the following factors:

Credit score. You need near-perfect credit to qualify for the lowest advertised rate.
Income. Lenders will usually check if you have enough regular cash flow to easily afford your monthly repayments.
Debts. The lowest rates go to borrowers with a debt-to-income ratio (DTI) below 20%.
Collateral. Securing your loan makes it less risky to the lender and gets you lower rates.
Loan amount and term. Some lenders may offer different rates depending on how much you want to borrow and how long you need to repay.
Type of lender. The type of lender you choose will usually affect your personal loan interest rates in Canada. Financial institutions have more competitive APR ranges than private online lenders.
Type of interest rate. Credit unions and banks offer variable and fixed rates. Generally, variable rates have lower starting rates. Online lenders offer fixed rates.
Mar 30th 2022 12:35