On a £10,000.00 loan, you\'ll repay £100.00, at £8.33 per month for 12 months. You will still have the principal loan of £10,000.00 to pay at the end of the term.
Loan
£10,000.00
Months
12
Monthly payment
£8.33
Interest rate
1.000%
Interest repaid
£100.00
Repayment mortgage
£10,000.00 equates to 12 monthly payments of £837.85 with an interest rate of 1.000% repaying £54.25 in interest totalling £10,054.25
Loan
£10,000.00
Months
12
Monthly payment
£837.85
Interest rate
1.000%
Interest repaid
£54.25
Total
£10,054.25
Repayment mortgage - remaining debt
*These figures are for illustration only. The amounts payable may differ depending on the individual banks calculations and any other charges applicable. The amount you can borrow will depending on your individual circumstances. You should not rely on these figures when making a decision but instead consult a lender or mortgage broker for further advice. If you would like use to refer you to one of our preferred partners please contact us.