Home loan interest in Australia is usually calculated daily on the outstanding loan balance and charged monthly.Key factors affecting interest include the loan amount, interest rate, loan term, repayment frequency, and whether you use features like an offset account.Fixed rate loans offer predictable interest costs, while variable rate loans can fluctuate but offer more flexibility.Making […] The post How is Interest Calculated on a Home Loan? appeared first on Eden Emerald Mortgages.
