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Interest Only Loans are available on the majority of loan types. The idea of interest only
repayments is that you don't reduce the principle balance of your loan. You only pay the
accrued interest each month. Interest only repayments are generally used for investment
loans where the repayments are tax deductible.
Interest only terms generally vary from 1 –
10 years.
Interested in a Interest Only loan? Click Here |
