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£15k loan
Comments
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The figures do not add up! £280.00 x 60 equals £16,800.
so a £15,000 loan over 5 years only costs £1,800.0
Ganga:D0 -
It's not bob on £280. 283.76 x 60 = 17,025.60 which is 2,025.60 interest.0
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still a cheap loan, interest rates are due to rise in the near future.0
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Instead of the smart and patronising comments I would suggest that you visit the link below and after inputting the amount, term and rate you will in fact find that the interest is actually £2,025.37
Did you make up that figure? :rotfl:
http://www.thisismoney.co.uk/money/cardsloans/article-1633405/Loan-repayment-calculator.html
I stand corrected on the interest.
I am honestly not trying to be smart just pointing out the terrible waste of money when taking out loans, compared to saving up.
Still it wont hurt my Sainsburys dividend so go ahead
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Sounds like a pretty good deal! Sainsburys are often featured in Martins recommended loans!
Jodles
MFW2020 #115 250/3000 J-250
1% challenge- /1525Save 1k in 2020- /3000
Joining in UberFrugalMonthChallenge set up by the Frugalwoods!
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