Minimum Payment on 0% Transfer

londonlad28

Hello. Does anyone know what the minimum payment would be on a £8800 0% transfer?

Is it 3% of the balance? I.E: £264?

If so, its weird because I am currently with Natwest and pay interest on about £4000 of the £8800 and pay about £170 per month.

I'm thinking of transferring to avoid interest, but cant work out what the minimum payments will be.

Appologies if this has been asked a million times before too.

[Deleted User]

Think you may be confusing min payemnt with BT fee.

You'll pay 3% (or thereabouts) of the £8k to BT it.

Then your min payment will be specifed by NatWest. Something like 1% plus fees and interest, or 2.5%, or whatever it may be. You'll find it in the t&cs or in the summary box on their website.