Interest rate annual or monthly
The annual interest rate, often called an annual percentage rate (APR) for this loan or line of credit. Monthly payment: Monthly principal and interest payment (PI ) You can opt for interest payouts monthly, quarterly, half-yearly, or annually, depending on your choice. Disclaimer: ROI in the above calculator may vary upto 4 bps 5 days ago Interest accrues daily and is compounded monthly. It's typically credited to your account on the 1st business day of the following month. How can