A simple interest loan only charges interest on your original principal, not the entire balance. You'll often see these for car or personal loans. Keep reading.

A simple interest loan calculates the interest based only on the principal you owe. It stands in contrast to a compound interest loan, which calculates interest based on principal and any ...

A simple-interest car loan is a common way to borrow money to buy a car. What's great about simple-interest auto loans is that you can save money with this loan structure when you're buying a ...