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Applied or nominal interest rate

The mortgage definition for Applied or nominal interest rate:

The rate used to calculate the interest due.

Similar Matches

Add on interest

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


Compound interest

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


Daily interest

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. 


Further Suggestions

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


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Applied or nominal interest rate
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