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Daily interest

The mortgage definition for Daily interest:

Interest on the homeloan is calculated and applied on a daily rather than a monthly or yearly basis. Can lead to big savings. 

Similar Matches

Add on interest

Add on interest
The interest a borrower pays on the principal for the duration of the loan.


Applied or nominal interest rate

Applied or nominal interest rate
The rate used to calculate the interest due.


Compound interest

Compound interest
The interest paid on the principal balance in a mortgage and on the accrued and unpaid interest of the loan.


Further Suggestions

Deferred interest mortgage
Incidence of interest calculation
Interest accrual rate
Interest only mortgages
Interim interest
Variable interest rate


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Daily interest
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