![]() ![]() ![]() The information published on .za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. While .za attempts to make a wide range of products and providers available, it may not cover all the options available to you. For more information regarding fees click on “View fees & additional info +” for each product or contact the provider.Ĭ.za provides factual information in relation to financial products. These rates can change without further notice. Different terms, fees or other loan amounts might result in a different comparison rate. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. Comparison interest rates vary between 6.55% and 60% p.a. Minimum and maximum loan periods vary between 1 months and 10 years. For more information please see .za’s Terms of Use and Services Guide. za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. If you decide to apply for a product you will be dealing directly with that provider and not with .za. Principal - The principal is the amount you borrow before any fees or accrued interest are factored in.za provides factual information in relation to financial products. Your loan’s principal, fees, and any interest will be split into payments over the course of the loan’s repayment term. Loan term - Your loan term is the period over which you will make repayments. You can use Bankrate’s APR calculator to get a sense of how your APR may impact your monthly payments. This rate is charged on the principal amount you borrow.ĪPR - The APR on your loan is the annual percentage rate, or cost per year to borrow, which includes interest and other fees. ![]() Interest rate - An interest rate is the cost you are charged for borrowing money. Common types of unsecured loans include credit cards and student loans. Unsecured loans don’t require collateral, though failure to pay them may result in a poor credit score or the borrower being sent to a collections agency. In exchange, the rates and terms are usually more competitive than for unsecured loans. Common examples of secured loans include mortgages and auto loans, which enable the lender to foreclose on your property in the event of non-payment. Secured loans require an asset as collateral while unsecured loans do not. ![]()
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