Borrow for a Year- Interest At End

liamb_2

Does anyone know if it is possible to borrow an amount of money (in my case £15,000) for 12 months and pay the whole lot off at the end- so if interest was 10% 16,500)
Do these sort of loans exist?

Thanks.

CLAPTON

if your credit rating etc is good enough, just borrow 15k over a longish period plus sufficient to pay one years worth of monthly repayments .

liamb_2

CLAPTON wrote: »

if your credit rating etc is good enough, just borrow 15k over a longish period plus sufficient to pay one years worth of monthly repayments .

Why did I not think of that???!!!
Thanks!