Understanding Loan Interest: Factors That Shape Your Daily Interest • Discover the secrets to understanding loan interest and the factors that shape your daily interest in this informative video! Learn how your principal loan amount, interest rate, loan term, and loan type all play a role in determining your daily interest and overall loan repayment amount. Don't let your loan interest catch you off guard - watch now and be in the know!
00:00 • What factors affect the amount of daily interest on a loan?
00:24 • What is Daily Interest?
00:48 • Principal Loan Amount
01:10 • Interest Rate
01:31 • Loan Term
01:53 • Loan Type
