Flat Interest Rate vs Effective Interest Rate l Mortgage Supermart Singapore

Posted byMortgage Supermart SingaporePosted infinance, UncategorizedTags:,

Difference between Flat Rate and Effective Interest Rate – A flat rate interest is charged on the initial principal for the entire tenure of the loan while effective interest rate charges interest only on the outstanding reducing principal balance at the end of every month. For example:

See on www.mortgagesupermart.com.sg

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