Bank loans on which interest is paid up front in advance are called:

Name: Bank loans on which interest is paid up front in advance are called:
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Discount loans are bank loans on which interest is paid up front in advance, also known as discount points. This reduces the overall interest paid over the life of the loan. The other options, such as build-up loans, advance interest loans, and revolving credit agreements, do not specifically refer to the upfront payment of interest.

Bank Loans on Which Interest Is Paid Up Front in Advance