Personal Interest

Filed Under » , ,
Dictionary Says

Definition of 'Personal Interest'

Interest that taxpayers pay on personal and consumer loans. Personal interest is nondeductible, and the rates charged for this type of interest are often quite high. Personal interest that is received by the lender is usually reported on a cash basis.

Investopedia Says

Investopedia explains 'Personal Interest'

Personal interest includes interest on car loans, credit cards, loans for appliances and furniture and interest on loans made by one person to another.

Many consumers elect to take out lines of credit on the equity in their homes so that they can pay off their personal-loan balances and deduct the interest on their lines of credit instead.
Search results for

'Personal Interest'

  • Understanding Compound Interest

    http://www.investopedia.com/video/play/what-is-compound-interest
    ... Filed Under » Bonds, Financial Theory, Interest Rates, Investing Basics, Investment,
    Personal Finance, Savings. Tweet. Email Email. Feedback Feedback. ...

  • Interest Coverage Ratio

    http://www.investopedia.com/video/play/interest-coverage-ratio
    ... LIFA Level I; CSC; CPH. Definitions; Investing; Personal Finance; Active Trading;
    Forex; Videos /. Interest Coverage Ratio. Next video: Understanding ...

  • House Price Vs. Interest Rate: Which Is More Important?

    http://www.investopedia.com/articles/mortgages-real-estate/10/house-price-vs-interest-rate.asp
    House Price Vs. Interest Rate: Which Is More Important? October 18 2010 | Filed
    Under » Interest Rates, Mortgages, Personal Finance, Real Estate. ...

  • Personal Loans: To Lend Or Not To Lend?

    http://www.investopedia.com/articles/pf/09/to-lend-or-not-to-lend.asp
    ... Interest Rate The Internal Revenue Service (IRS) can be nasty when it comes
    to no-interest personal loans, especially large ones. ...

  • The Chinese Wall Protects Against Conflicts Of Interest

    http://www.investopedia.com/articles/analyst/090501.asp
    ... This created the potential for a conflict of interest. ... took notice when it was
    discovered that big-name analysts were privately selling personal holdings of ...

  • Calculating The Mortgage Interest Tax Deduction

    http://www.investopedia.com/articles/mortgages-real-estate/11/calculate-the-mortgage-interest-math.asp
    ... TUTORIAL: Personal Income Tax Guide Many Homeowners Get Nothing According to data
    compiled ... federal tax reform, only 54% of taxpayers who pay interest on their ...

  • How do companies benefit from interest rate and currency swaps?

    http://www.investopedia.com/ask/answers/06/benefitsofswaps.asp
    ... Active Trading; Forex; Personal Finance; Real Estate; Retirement; Insurance; ETFs;
    Options/Futures; ... How do companies benefit from interest rate and currency swaps ...

  • Do long-term bonds have a greater interest rate risk than short ...

    http://www.investopedia.com/ask/answers/05/ltbondrisk.asp
    ... Do long-term bonds have a greater interest rate risk than short-term bonds? ... When
    interest rates go up, bond prices go down, and vice versa. ...

  • How are the interest charges calculated on my margin account?

    http://www.investopedia.com/ask/answers/126.asp
    ... Active Trading; Forex; Personal Finance; Real Estate; Retirement; Insurance; ETFs;
    Options/Futures; ... How are the interest charges calculated on my margin account? ...

  • Is Your Broker Acting In Your Best Interest?

    http://www.investopedia.com/articles/pf/06/dependablebroker.asp
    Is Your Broker Acting In Your Best Interest? September 27 2009 | Filed Under » Bonds,
    Brokers, Personal Finance, Portfolio Management, Retirement. ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links