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Loan help

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aliwatts
aliwatts Posts: 654 Forumite
Part of the Furniture 500 Posts Combo Breaker
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.
:hello: Laugh and smile everyday, it keeps you healthy ! :wave:
Thanks for everybodies help on here, what a great community !

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