loans za faulu

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bei

Senior Villager
#3
Well i found out, its this way assuming you take a loan of 100k with Faulu and after 5 months you have paid 50k, the original 100k is what the rate of 9.5% will be applied, as opposed to banks that would charge interest on the remaining 50k. at the end of the day, you will have ended up paying about 29.5%
 

Luther12

Village Sponsor
#6
Well i found out, its this way assuming you take a loan of 100k with Faulu and after 5 months you have paid 50k, the original 100k is what the rate of 9.5% will be applied, as opposed to banks that would charge interest on the remaining 50k. at the end of the day, you will have ended up paying about 29.5%
In short, hamna reducing balance computation of interest.
 
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