"Interest charges" refers to the additional amount of money that you have to pay when you borrow money or take out a loan. It is the cost of borrowing or the fee for using someone else's money. It is usually calculated as a percentage of the total amount borrowed and added to the original amount, making the overall payment higher than the initial loan.
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«interest»
«charges»
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Phrases with «interest charges»
Sentences with «interest charges»
- This ultimately saves you money on interest charges on your loans. (loans.net)
- With reduced monthly payments you will have to pay more in interest charges in the long run. (debtfirms.com)
- In a market with rising interest rates, it is common for all types of lenders to raise the rate of interest they charge on loans. (lendedu.com)
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