Using the same logic, paying 5% Interest, and and extra 200 per month would be even better?Am I correct or is this too good to be true?
It's very close to what I've calculated. C. 96kI was posting here to verify that my calculations regarding the balance after 10y with 65€ extra payment were correct as I was unsure about it.
The greater is the key part here. So you could overpay by 94.80 per month.They said that overpayment was up to 10% or 65€, whatever is the greater.
The limit with BOI is €65 over payment/month. In the past I’d let the fixed rate expire and agree a highest repayment rate and then fix the rate again but with a higher payment other than this the limit is €65/month on a FRThe greater is the key part here. So you could overpay by 94.80 per month.
No, it's not.The limit with BOI is €65 over payment/month. In the past I’d let the fixed rate expire and agree a highest repayment rate and then fix the rate again but with a higher payment other than this the limit is €65/month on a FR
Thanks for the clarification. I’ve clearly confused myselfNo, it's not.
It's the greater of 65, or 10% of the monthly repayment amount.
It's written in their terms and conditions.
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