plˈʌs, ɪn mˈoʊst dʒˌʊɹɹɪsdˈɪkʃənz ðɪ ɐkɹˈuːɪŋ ˈɪntɹɛst ɪz tˈæks dᵻdˈʌktᵻbəl, pɹəvˈaɪdɪŋ ðə bˈɑːɹoʊɚ wɪð ɐ səbstˈænʃəl tˈæks ʃˈiːld.
Plus, in most jurisdictions the accruing interest is tax deductible, providing the borrower with a substantial tax shield.