Definition of "Discount loan"

Lou Nettle real estate agent
Lou Nettle, Real Estate Agent 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.


Popular Real Estate Terms

Popular Real Estate Questions