Reviewed by Shannon Martin, Licensed Insurance Agent.
“In all likelihood, the per diem charge is just what you’re paying every day for the loan.
To make the loan make more sense to you, some lenders will show you that per diem charge. It’s nothing to be worried about—unless it’s tacked on to the actual loan amount. If it’s an added charge, you should run away from the loan.”
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.