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Loan help
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Hi
Please could someone work this out for me or show me how?
If I get an MBNA credit card with the life of balance transfer rate of 5.9%apr and do a cash transfer for £7500 to be repaid over 4 years at approx £180 per month....the balance transfer fee is 1.5%.
How much would I pay in total?
Is this cheaper than A&L loan at 7.8%?
Thanks very much.
Please could someone work this out for me or show me how?
If I get an MBNA credit card with the life of balance transfer rate of 5.9%apr and do a cash transfer for £7500 to be repaid over 4 years at approx £180 per month....the balance transfer fee is 1.5%.
How much would I pay in total?
Is this cheaper than A&L loan at 7.8%?
Thanks very much.
:hello: Laugh and smile everyday, it keeps you healthy ! :wave:
Thanks for everybodies help on here, what a great community !
0
Comments
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total after 4 years including fee would be around £9,3800
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the advantage with the CC is that you can easily make overpayments on any month you chose,have mbna already offered you £7,500 limit?0
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