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savings account only payday loan
savings account only payday loan
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Please check for inaccuracies and modify as needed, citing the sources against which it was checked.
Please check for inaccuracies and modify as needed, citing the sources against which it was checked.
An interest-only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and interest payment (or amortized) loan at his/her option.
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