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Natwest...driving Me Mad Please Help!
My loan with natwest taken out on 1 april 2003 and closed on September 2005 ( I repayed early ...it was a 6o month loan originally)
I have the loan agreement details as follows
Original sum borrowed: £10,000,00
PPI Premium: £2,458.000
Charge for credit: £3,238.00
Monthly Repayment: £261.61
Term : 60 MTHS
Total amount Payable £15,696.00
Interest Rate: 9.49%
Now my question is what figures do i put in this section of the template provided , i have filled in as much as i can but am not sure how i calculate the red totals... I am TOTALLY CONFUSED.. CAN YOU PLEASE HELP ME FIGURE THESE OUT AS I DO NOT WANT TO GET THESE WRONG.
"
The original premium was £2,458.00 added to the loan amount on the 1st April 2003. I am aware according to the loan details you have sent me that interest at 9.49% was added to this amount . Interest £xxxxx Total amount £xxxxxx. The Statutory 8% interest (S69 of the County Court Act) allowed by the Courts will amount to £xxxxxx. Making the total amount payable at the Court Stage £xxxxxx.
I appreciate any help you can give! THanks in advance
ASMA
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please see my post AND help thanks0
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