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How can the date my re payment is received effect my loan(s)?

As a result of daily easy interest, the date your repayment is gotten impacts the level of interest you spend.

  • Once the total due is received just before your due date less interest accrues and more of one’s re payment is used to major, decreasing the loan’s balance that is principal.
  • Once the total due is gotten after your due date more interest accrues and less of the re payment is used to principal.

Illustration of the way the date my re re payment is gotten effects my loan(s):

Major stability deadline Total due day-to-day interest
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