How Daily Simple Interest Works - OneMain Financial

(interest only) and a Delinquency Control setting of ā€œPā€ (single payment per period). A payment update day must be specified, along with a minimum payment amount. See Page 7 for details. ā€¢ Interest payment only loans can be used with both 365 and 360-day interest calculation types, including both closed- and open-end loans and lines of ... ................
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