Deferred Interest 

Deferred interest is where the interest you owe on your loan is delayed until the end of the loan term. As a result, you can bypass monthly payments, minimising the amount of money you need to generate each month and only pay when the loan term has finished. 

Deferred interest can be beneficial for you if you want to take out a development bridging loan. You can use the money to fund a development project and then pay back the loan and interest once you have sold the property.