A payment that covers only accrued interest owed on a loan and none of the principal balance.

A payment that covers only interest that accrues on the loan and does not result in reductions in the principal balance.

a payment that cover only accrued interest owned on a loan and more none of the principal balance.

A payment for the interest component of a loan, and does not include the principal balance.

A payment on a student loan that is only the amount of interest accrued during that month. This type of payment does not reduce the total amount of the principal still owed.

Payment that covers the interest owed but not the principal balance. Back to the top of the page