{"id":183663,"date":"2022-05-13T11:37:00","date_gmt":"2022-05-13T11:37:00","guid":{"rendered":"https:\/\/www.cashe.co.in\/?p=183663"},"modified":"2024-07-09T09:21:44","modified_gmt":"2024-07-09T09:21:44","slug":"broken-period-interest-everything-you-need-to-know-infographic","status":"publish","type":"post","link":"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/","title":{"rendered":"Broken Period Interest &#8211; Everything You Need to Know! &#8211; Infographic"},"content":{"rendered":"\n<p>Today, securing a loan has become so easy that it only takes a few minutes to apply for one. <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=co.tslc.cashe.android\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Personal loan apps<\/strong><\/a> have made it possible to reduce the time, effort, and energy that one invests in securing a loan. Since these are mobile apps where everything is digitized, there is no need to personally visit a bank.<\/p>\n\n\n\n<p><br \/>But while applying for a <a href=\"https:\/\/www.cashe.co.in\/instant-personal-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>personal loan<\/strong><\/a>, it is vital that you understand basic terminologies and the role each one plays in the process from application to approval. This makes it easier to understand every step of the process. One such term that is overlooked but is equally important is Broken Period Interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQs<\/strong><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Is broken period interest a second interest charged on the personal loan?<\/strong>&nbsp;<\/h4>\n\n\n\n<p>No, broken period interest is not a second interest and does not occur with every installment.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How do you calculate broken period interest?<\/strong><\/h4>\n\n\n\n<p>Broken period interest is calculated on the time period between your loan disbursement and the first EMI date.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Is broken period interest calculated on all types of loans?<\/strong><\/h4>\n\n\n\n<p>Yes, it is calculated on all types of loans.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Is broken period interest the same as GAP interest?<\/strong><\/h4>\n\n\n\n<p>Yes, broken period interest and GAP interest are the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, securing a loan has become so easy that it only takes a few minutes to apply for one. Personal loan apps have made it possible to reduce the time, effort, and energy that one invests in securing a loan. Since these are mobile apps where everything is digitized, there is no need to personally [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":183664,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[317],"tags":[209,210,216],"class_list":["post-183663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broken-period-interest","tag-personal-loan","tag-personal-loan-app","tag-personal-loan-online"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broken Period Interest - Everything You Need to Know! - Infographic - CASHe<\/title>\n<meta name=\"description\" content=\"With personal loan apps, it is possible to reduce the time, effort, &amp; energy one invests in securing a loan. Check article to know about broken period interest\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broken Period Interest - Everything You Need to Know! - Infographic - CASHe\" \/>\n<meta property=\"og:description\" content=\"With personal loan apps, it is possible to reduce the time, effort, &amp; energy one invests in securing a loan. Check article to know about broken period interest\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\" \/>\n<meta property=\"og:site_name\" content=\"CASHe\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CASHeApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-13T11:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-09T09:21:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cashe.co.in\/wp-content\/uploads\/2022\/06\/Broken-Period-Interest-Everything-You-Need-to-Know.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"2027\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kajol Vasandani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CASHeApp\" \/>\n<meta name=\"twitter:site\" content=\"@CASHeApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kajol Vasandani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\"},\"author\":{\"name\":\"Kajol Vasandani\",\"@id\":\"https:\/\/www.cashe.co.in\/#\/schema\/person\/c206d30a7ae84b686e0bd8d467fa46ac\"},\"headline\":\"Broken Period Interest &#8211; Everything You Need to Know! &#8211; Infographic\",\"datePublished\":\"2022-05-13T11:37:00+00:00\",\"dateModified\":\"2024-07-09T09:21:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/www.cashe.co.in\/#organization\"},\"keywords\":[\"personal loan\",\"personal loan app\",\"personal loan online\"],\"articleSection\":[\"Broken Period Interest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\",\"url\":\"https:\/\/www.cashe.co.in\/our-blog\/broken-period-interest-everything-you-need-to-know-infographic\/\",\"name\":\"Broken Period Interest - Everything You Need to Know! - Infographic - CASHe\",\"isPartOf\":{\"@id\":\"https:\/\/www.cashe.co.in\/#website\"},\"datePublished\":\"2022-05-13T11:37:00+00:00\",\"dateModified\":\"2024-07-09T09:21:44+00:00\",\"description\":\"With personal loan apps, it is possible to reduce the time, effort, & energy one invests in securing a loan. 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