Accrued Interest

What is accrued interest?

Accrued Interest Definition: Accrued interest is the amount of interest on a loan to be repaid with the principal. It refers to an expense, which accrues on a loan, or interest revenue, which is a form of profit for the lender. Before interest is paid, it’s payable.

Accrued interest is recorded in accounting and reverses once paid, which is recorded as an expense.

Aug 13 - comparewise personal loan banner

Other Personal Loan Terms:

comparewise

Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!