Finance Direct debit and payments Why do I pay more interest and less amortisation in the early periods of my loan/financing than in the later periods?

Why do I pay more interest and less amortisation in the early periods of my loan/financing than in the later periods?

We amortise your loan/finance on an annuity basis. The monthly amount consists of interest and repayment. The composition of this amount changes during the term. The repayment part increases and the interest part decreases.

Didn't find what you're looking for?

We're happy to help.