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Personal Loan

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Comments

  • purdyoaten
    purdyoaten Posts: 1,159 Forumite
    edited 3 August 2015 at 3:07PM
    Mine was over 36 months also

    Was your loan 13.1% APR or at a rate of 13.8% - ish (27% APR) as with the op?
    There are 10 types of people in the world - those who understand binary and those who do not. :doh:
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    13.1% Flat Rate would work out at about 27% APR. Was the loan for a car? Car dealerships are notorious for fobbing customers off with interest quotes that are flat rate, and with the true APR only hidden in the small print.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • sxcizme3010
    sxcizme3010 Posts: 265 Forumite
    Seventh Anniversary 100 Posts Combo Breaker
    purdyoaten wrote: »
    Was your loan 13.1% APR or at a rate of 13.8% - ish (27% APR) as with the op?

    Just looked - 6210 credit 7214 payable 13.2APR Fixed amount of £200 per month for 36 months
  • purdyoaten
    purdyoaten Posts: 1,159 Forumite
    Just looked - 6210 credit 7214 payable 13.2APR Fixed amount of £200 per month for 36 months

    That would be not far off half of the rate experienced by the op.
    There are 10 types of people in the world - those who understand binary and those who do not. :doh:
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