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repayments

Hi, Can anyone tell me how much my repayments would be on my capitol one over 18months the owed amount would be 3500 and I wanna pay the minimum ::)
Sam B

Comments

  • Reaper
    Reaper Posts: 7,357 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I think with Capital One the min repayments are 3% of the balance each month. If so you would pay £105 in month one declining to £62.56 in month 18. At that point the remaining capital balance will be £2085.40.

    Figures are approximate as some companies round the payments to the nearest pound.
  • Snoopy,

    Check out the (rather useful) credit card calculator here. This website also contains an excellent stoozing calculator too.

    :)
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
    ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)
  • samuela66
    samuela66 Posts: 1,203 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thanks Guys! ;D
    Sam B
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