Hi,
Hoping the brokers out there are able to give me some guidance on this one. I currently have a personal loan of approx $25k, paying 7.95% interest, which I will pay off in the next two years. I have the opportunity to transfer this balance to a credit card for 24 months at 2.9%. Obviously a decent saving in interest costs.
If I were looking at obtaining finance for a new IP purchase, in regards to serviceability, would I be better off keeping this as a personal loan or transferring to the credit card?
Cheers
Scott
Hoping the brokers out there are able to give me some guidance on this one. I currently have a personal loan of approx $25k, paying 7.95% interest, which I will pay off in the next two years. I have the opportunity to transfer this balance to a credit card for 24 months at 2.9%. Obviously a decent saving in interest costs.
If I were looking at obtaining finance for a new IP purchase, in regards to serviceability, would I be better off keeping this as a personal loan or transferring to the credit card?
Cheers
Scott