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Home / Finance / Banking / What is loan interest payment?
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What is loan interest payment?

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0 2023-09-18T13:24:34+00:00
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The loan interest payment is the money paid by a borrower to a lender in exchange for borrowed funds. When individuals or businesses take loans from banks or financial institutions, they are required to pay back the initial loan amount along with interest. This interest is the cost of borrowing money and is expressed as an annual percentage rate (APR)

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Mahi Tiwari

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