Sentences with phrase «interest on the outstanding balance»

You only pay interest on outstanding balances at the end of the billing cycle, so save yourself the money by paying it in advance.

As long as you make minimum monthly payments, you are only charged interest on the outstanding balance (not the entire available amount).

Obviously, the interest will continue in force and you will then have to pay one month more of interest on your outstanding balance.

But the others charge 19.99 per cent interest on outstanding balances from purchases — in line with other mainstream cards.

If you only pay the minimum, you will get stuck paying interest on the outstanding balance above that.

Balance transfer is a scheme that saves you from paying extra interest on your outstanding balance.

In our example above, we received our entire principal back over the term of our annuity with interest on the outstanding balance.

Remember if you do decide to spread the cost of your purchases you will be charged interest on your outstanding balance.

You'll only pay interest on the outstanding balance.

Credit card companies often calculate interest on outstanding balances, or balances subject to interest rate, in one of four different ways, according to the Federal Trade Commission: Average Daily Balance.

With 0 apr balance transfer cards, you will not need to pay interest on the outstanding balance during the 0 % introductory rate period.

Credit card companies commonly use an average daily balance method, meaning interest on outstanding balances accrues every day.

In the most consumer unfriendly scenarios, some lenders may only allow the borrower to repay interest on the outstanding balance.

Amortization Loan payment divided into equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.

(5) The insurer may charge interest on the outstanding balance of the amount to be repaid for the period starting on the 15th day after the notice is given under subsection (2) and ending on the day repayment is received in full, calculated at the bank rate in effect on the 15th day after the notice under subsection (2) is given.

This is a great way to attack your debt quickly and avoiding paying interest on an outstanding balance.

If you do use it, you have to pay interest on the outstanding balance, like a credit card, and pay back the loan balance at a later date.

All lenders only charge interest on outstanding balances.

Bear in mind, you are only charged interest on your outstanding balance.

At the end of any promotional period the interest rate will usually jump to the standard rate for balance transfers, so if you haven't paid off the transferred balance in full by then you will start paying interest on the outstanding balance.

However, if you have a balance owing, the CRA will charge you interest on the outstanding balance as of May 1.

It repays the invested capital over a period of time plus interest on the outstanding balance.

The problem is their medical student loan is still accruing interest on the outstanding balance.

If you're not able to pay off your balance in full, you pay interest on your outstanding balance.

A portion of each monthly payment was used to pay interest on the outstanding balance.

Some terms commonly found in mortgage loan glossary are the following: Amortization Repayment of a mortgage loan through equal periodic payments (monthly typically) calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.

Amortization Means of loan payment by equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.

Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.