Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual Interest Rate by 365. Interest is charged to Your Loan account at the end of each month, in accordance with the Loan Terms. Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your account every end of month. For more information, please don’t hesitate contact us on 0800 751 851.