Penal interest

In money lending, penal interest is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms. Moreover, If the installments are not received as per the repayment terms, by the end of the month, the borrower will be charged interest on the installments delayed which is called as penal interest.

单词	Penal interest
释义	Penal interest 英语百科 Penal interest In money lending, penal interest is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms. Moreover, If the installments are not received as per the repayment terms, by the end of the month, the borrower will be charged interest on the installments delayed which is called as penal interest.
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