Interest only mortgage
On a £10,000.00 loan, you\'ll repay £100.00, at £8.33 per month for 12 months. You will still have the principal loan of £10,000.00 to pay at the end of the term.
Loan |
£10,000.00 |
Months |
12 |
Monthly payment |
£8.33 |
Interest rate |
1.000% |
Interest repaid |
£100.00 |