Loan term The minimal loan term is one year therefore the optimum is a decade.
Rate of interest the attention price is fixed when it comes to term of this loan and consented at the outset. Interest is charged through the entire loan that is full any month each time a payment just isn’t made.
Arrangement charge No arrangement cost.
3-month payment getaway A 3-month repayment vacation is available at the beginning of the mortgage. If this program is taken, interest is charged for the period that is 3-month meaning the quantity of interest you spend is going to be greater.
Early payment cost beneath the credit ( Very Very Early Settlement) Regulations, in the event that loan is repaid early the lender is eligible to deduct interest of just one calendar thirty days and 28 times. This might be immediately within the calculation of the rebate of great interest to provide the mortgage settlement figure.
7.1% APR agent (fixed). Centered on an assumed loan amount of ВЈ13,000 over 60 months during the AIR of 7.1% p.a (fixed). Month-to-month repayment ВЈ256.73. Total quantity payable ВЈ15,404.01.
Loan Amount ВЈ13,000
Monthly repayment ВЈ256.73
Total amount payable ВЈ15,404.01
Annual Percentage Rate Representative (APR Representative) 7.1% APR agent (fixed)
yearly rate of interest (AIR) 7.1 % p.a (fixed)
Simple Interest rate 6.86 %