Save Interest on loans by paying earlier than the due date
paying your repayment earlier than the date it is due means that the capital on which interest can be charged is reduced earlier and as a result, less interest is charged. The small saving in interest results a greater portion of future payment sbeing allocated to capital repayment and a snowball effect results, saving thousands over a long term loan.
Geplaatst op 19-09-2010 22:21 |
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