Loan Repayment Calculator
The Loan Repayment Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for standard variable products or the default interest rate and fixed period for fixed rate loans. In both scenarios, the customer can manually amend this interest rate. In the case of the fixed rate loans, the default standard variable interest rate will be used once the fixed period has completed.
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