Also known as a simple interest loan, a simple loan is a type of loan arrangement that applies the rate of interest on a daily rather than a monthly basis.
http://www.wisegeek.com/what-is-a-simple-loan.htm
Columbia who are at least 18 years of age or if under the age of 18 years of age prize must be claimed by an accompanying parent or legal guardian at least 18 years old. By participating in the contest, you agree to abide by these Official Rules.
http://loansimple.com/
Simple interest is interest that is paid on the principal amount borrowed. It is considered the best type of interest for a borrower because it is not compounded.
https://www.lendingtree.com/glossary/what-is-simple-interest
Simple interest is considered the best form of interest for the borrower because it is charged only once, and is a percentage of the original principal, unlike compound interest. If you borrow $1,000 at 10 percent simple annual interest, then you pay $100 in interest per year.
https://www.lendingtree.com/glossary/what-is-simple-interest
A simple loan is a type of loan arrangement that applies the rate of interest on a daily rather than a monthly basis. Watch the Did-You-Know slideshow. Follow @wiseGEEK.
http://www.wisegeek.com/what-is-a-simple-loan.htm
If you borrow $1,000 with a simple annual interest rate of 12 percent, you pay less in interest than if you borrow that same amount with a compound interest rate of 1 percent per month. If the loan with the simple interest is paid off at the end of the year, the total amount in interest paid is $120. However, with the compound interest, it costs $126.83. The reason is that, unlike simple interest, compound interest builds upon itself every month.
https://www.lendingtree.com/glossary/what-is-simple-interest
Simple Loan CalculatorMonthly Payment Calculator This calculates a payment for a loan amount that is fixed over a period of time.
http://www.vlender.com/cgi-bin/calc/simple.cgi
Loan Simple Inc.’s “Rider Rewards” contest (“Contest”) open only to legal residents of the United States or District of Columbia who are at least 18 years of age or, if under the age of 18 years of age, prize must be claimed by an accompanying parent or legal guardian at least 18 years old.
http://loansimple.com/
Explanation. Your loan principal is the amount of the actual loan less any down payments. The calculator accounts for the time value of money in determining the payment amount. This payment does not include any respective taxes or insurance. The accuracy and use of this calculator is not guaranteed.
http://www.vlender.com/cgi-bin/calc/simple.cgi
With a simple loan, the rate of interest that is applied daily is normally determined by dividing the annual rate by either 360 or 365, depending on the terms specified within the loan contract.
http://www.wisegeek.com/what-is-a-simple-loan.htm
what is a simple loan
A simple loan is a type of loan arrangement that applies the rate of interest on a daily rather than a monthly basis.