Reducing Balance Method
This method is mainly used to calculate the interest payable for housing / mortgage / property loans which you can find at our home loan comparison tool and other interest payable such as overdraft (OD) facilities, and credit cards. You only pay interest on the remaining loan balance. A reducing balance interest calculation formula can be represented like this:
Interest Payable per Installment = Interest Rate per Installment * Remaining Loan Amount
| 欢迎光临 JBTALKS.CC (https://mobile.jbtalks.cc/) | Powered by Discuz! X2.5 |