Are you talking about a mortgage here?i am getting an interest only loan from a finanance company.
Your monthly repayment should be something lilke capital amount borrowed x rate (APR) / 12 months (less tax relief if applicable).Conld any one tell me how they charge their interest.
Depends on the lender. Mortgage loan rates can be anything from ECB rate + c. 1% upwards.Also what is the normal interest rate that should be charged per month.