Discount Loan


Definition of "Discount loan"

Lou Nettle
Lou Nettle Ebby Halliday Realtors

A loan in which the entire charge is subtracted up front from the face value of a loan. The proceeds received are the face value of the loan less this deduction, which increases the effective interest rate. See also annual percentage rate.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ