Fifth Third Bank

Interest Only Loan

With an interest only loan*, you pay only monthly interest payments for a fixed term. The lower monthly payment gives you flexibility to invest your money elsewhere.

Loan features:

  • Lower monthly payment than standard loans
  • May qualify for a larger loan amount
  • Pay on principal at any time without penalty
  • After interest-only period, the unpaid principal is fully amortized over the remaining term of the loan*

Consider an interest only loan if:

  • Your income is mostly earned through infrequent commissions or bonuses
  • You expect to earn more money in a few years
  • You wish to put the savings in other investment options
  • You intend to move or refinance within a few years

For additional information or to apply for an Interest Only loan, please contact a Fifth Third Mortgage Loan Specialist. Call toll free at 1-866-351-5353, visit a Fifth Third Banking Center near you, or fill out a secure online application.

Financial Calculators

Financial Calculators

Financial calculators to help you plan & budget.

Home Value Estimator

Home Value Estimator

Get a free home value estimate instantly and securely.

All loans are subject to credit review and approval.

* After the interest-only period, it is possible that the borrower's payments may increase substantially over the remaining term of the loan.