noun
monthly interest
Financial term referring to interest calculated or paid on a monthly basis. Often contrasted with 年利 (annual interest) and 日歩 (daily interest).
このローンの月利は0.5%です。
The monthly interest on this loan is 0.5%.
月利で計算すると、年間の利息はいくらになりますか。
If calculated at a monthly rate, how much will the annual interest be?