Loan Interest
The portion of the loan payment that goes toward paying the interest on the loan.
Cindy Bellford avatar
Written by Cindy Bellford
Updated over a week ago

What Is It?

The portion of the loan payment that goes toward paying the interest on the loan.

In many countries, you are able to deduct the loan interest you pay on your income tax return.

Check your local tax laws for the applicable loan interest deduction rules.

How Is It Calculated?

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