Loan and Interest paid
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I'm looking to take a loan which I intend paying back in full upon the sale of a second property.
Assuming I pay back within the first year of the loan how would the interest be calculated when, for example, £44,000 over 10 years would be approximately £5,000?
Thanks.
Assuming I pay back within the first year of the loan how would the interest be calculated when, for example, £44,000 over 10 years would be approximately £5,000?
Thanks.
0
Comments
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The interest is calculated on a daily basis.
Use a loan calculator to see the interest charged over a one year period.0
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