Should you take an amortizing or simple interest loan? It's a question you'll hear often. But how do you make this important decision? An amortizing loan can be a good choice if you’re wanting a longer-term loan with lower payments. It will have a higher cost of capital.
A simple interest loan can be a good choice if you’re looking for a lower total cost of capital — meaning you’ll pay less total money back — even though it may have higher APR and higher payments.
Check out our full guide to amortizing vs. simple interest loans here: [ Ссылка ]
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