Do Mosaic loans use simple interest or compound interest?

Mosaic uses simple interest instead of compounding interest which means you’re not charged interest on interest that has already accrued.

 

(Note: this applies to all loan agreements created after January 29th, 2016)

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

0 Comments

Article is closed for comments.
Questions about signing a loan? Call (855) 746-7849 or email support@joinmosaic.com
Questions about managing an existing loan? Call (855) 746-5551 or email loanservicing@joinmosaic.com