Interest on assets and other fixed income investments refers to the six-monthly or 12-monthly payments those investments earn based on their interest rate, also called a coupon in the credit market. Interest payments on a loan depend on the original principal, interest rate and loan term maturity and number of annual payments.
Interest payments for common consumer credit like auto loans, home mortgages and other retail financing can be reckoned from online interest calculators, adjusted for principal, APR and maturity. Retailers in some parts of the U.S. have begun offering interest-free-year consumer loans to drive traffic despite the recent credit crisis as recession bites more deeply in the latter part of 2008. Troubled carmakers like General Motors are also offering no-interest and no-payment first years for auto loans.