L
lize14
Guest
hi there. of march 2007 i took out a car laon of 20k at my cu in a promotional car loan rate of 7.73%. Monthly payments of 421 euro over 57 months. Cost of credit for this loan is 3795 euro. In the last 12 months i have paid almost 1200 euro in interest which i think seems quiet alot. I also paid 2000 grand off the loan last april bringing down the balance thinking ineterst would drop as well. Interest only seems to come down by 10 cent every week. I have a balance of 14392 left and in last 12 monts ive paid nearly 7 grand... Loan normal or mistake in interest calculations?
i contacted my cu, they said give it a few months and see what happens!
i contacted my cu, they said give it a few months and see what happens!