In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

Jo Davy has over 12 years' experience as a journalist and editor for major print and digital news publishers in Australia and the UK. She has written for The Age, Herald Sun, Domain and City Matters ...

When you plan a personal loan, understanding how interest works is just as important as knowing the loan amount. Many people ...