Term in Years:
Representative Example: In case where you apply for a Business loan of €20,000, repayable over 5 years at the rate of 3.5% per annum over the Bank`s Base Rate (currently 2.35% per annum), i.e. present effective rate 5.85% per annum or any higher rate allowed by Law, the Monthly repayments will be of €386.05 and total amount paid after 5 years will be €23,163.02.
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