Ikano bank loan rate dispute

shteca

No it was just a personal loan.

shteca

That is correct, when I signed the agreement it was all online. I didn't print it off at the time but now they are not sending it me so I have no idea what I actually agreed to, this is the problem

singhini

I'm no expert so don't rely on me but I thought the APR took into consideration the cost of the loan aswell as the interest rate.


So you could have a loan of 3% but when all costs are taken into consideration over the whole duration of the loan term it equates to an APR of 8.9%


you need to give more information please (the loan was £15,000 and the interest rate we can guess to be 3%, but what was the loan term and what have you been paying each month).

bazzyb

shteca wrote: »

I have no idea what I actually agreed to

So why do you think the rate is wrong? Where did the 3% figure come from?