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MSE Loan Calculator error
Consumerist
Posts: 6,311 Forumite
The MSE Loan Calculator does not give the same results for "How much will it cost?" as other loan calculators.
The advisory under the calculator recommennds using the APR as the interest rate in the calculator. This advisory should be changed to recommend using GROSS interest rates to provide more accurate results.
The advisory under the calculator recommennds using the APR as the interest rate in the calculator. This advisory should be changed to recommend using GROSS interest rates to provide more accurate results.
Warning: In the kingdom of the blind, the one-eyed man is king.
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Comments
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Thanks Consumerist - i will do some digging into the back-end maths to see why this is!Former MSE team member0
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