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From: Trina Blum
Hi again,
Does anyone know of a website that has a calculator that can be used to work out what repayments are for an interest-only loan? The ones I've looked at work the repayments out on a P&I loan.
Also I have noticed that the banks don't list their interest only loan rates just P&I, business,personal etc. Do I have to phone the bank to find out the IO rate or is there a website or newspaper that would give me the rate?
Regards
Trina
Hi again,
Does anyone know of a website that has a calculator that can be used to work out what repayments are for an interest-only loan? The ones I've looked at work the repayments out on a P&I loan.
Also I have noticed that the banks don't list their interest only loan rates just P&I, business,personal etc. Do I have to phone the bank to find out the IO rate or is there a website or newspaper that would give me the rate?
Regards
Trina
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