from my calculation it should be around that amount
Loan amount = 15 000 int@7.99% Payable 60mths
15000 * 7.99% = 1198.5 this is interest u have to pay for 1year
5years int = 1198.58*5 = 5992.5
Total Outstanding amount = 15000 + 5992.5
= 20 992.5
20 992.5/60mths = 349.875 ~ 350
Personal Loan, which banks offer the best deal?
Jan 6 2010, 02:13 PM
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