Loan Repayment ??

If I were to take out a bank loan for 鎷?00,000 over 20 years at an interest rate of say 8% what would the monthly repayments be? It would be helpful if when answering that you could explain how it is worked out so that I can apply it to other amounts/periods Thanks

Loan Repayment ??

That would be called a mortgage!

Check out banking websites for loan/mortgage calculators. They give a good idea of what repayments will be.

Loan Repayment ??

No bank will give you a loan over 20 years.

Loan Repayment ??

Cheek! I'm not doing your maths homework!! Read a book, for God's sake!

Loan Repayment ??

check with the bank

Loan Repayment ??

go to northern rock www.northernrock.com

put in loan amount for 5 K and times the result x10000 - u'll be there or thereabouts - if you get refused for a loan - ask Sharkey from the Moss Side Estate in L'pool - tell him the melon sent you and he'll sort you out.. don't default on your loan to him though as their building new motorway bridges near the Wirral and u'll end up underneath one....

Loan Repayment ??

http://www.moneysupermarket.com/loans/

They provide loans for up to 25 years

Loan Repayment ??

Use a mortgage calculator like the ones featured on www.realtor.com

Loan Repayment ??

You are looking at around 鎷?333 per month!

You can work it out: loan amount (鎷?00K) x interest rate% (8%) then divide the lot by 12.

So 500,000 x 8% divide by 12 = 鎷?333

Also, if you use this link, its amazing for working out repayments etc.

http://www.headlands.co.uk/calculator.ht...

Hope that helps!

Loan Repayment ??

The loan repayment would be 鎷?,182.20 per month. It is possible to work this out, but it is quite complicated. If you want to work out other options you can use the loan amortization template in Excel.

To find the template select File; New; Select Templates on My Computer; Select Spreadsheet Solutions Tab and then select the Loan Amortization template. Fill in the details and away you go.