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In many countries there are no limits on what loan sharks can charge.
It's your money, you can pretty much do what you want with it (there are a few exceptions). But sure, you can make a personal loan and not charge interest.
That depends on how long it takes to repay the loan. If you repay the loan in one go at the end of 12 months you would pay 612.00 in interest plus the loan of 1,700.00 a total of 2,312.00
There are many places which will allow you to calculate how much a loan will cost you. Most of the time, the loan provider will give you documentation with how much the actual loan will cost you considering the loan's interest rate and the monthly payments you have chosen.
The rate that a payday loan business would charge is different between the individual businesses. Some have flat fees, whereas other businesses charge interest rates. Check around before accepting a pay day loan as some of the fees can be exorbitant.
The interest that Cash Net charges depends on the amount of the loan (how much you borrow, i.e., $100 vs $1000) and the duration of the loan (for how long you borrow, i.e., 1 week vs 1 month).
A payday loan, also known as cash advances, is a short term loan. The interests are very high and can reach 15 percent a week. The loan consumer normally turn on this type of loan when he is nor capable of getting a low interest load.
The finance charge would depend on the interest rate and the number of months it will take you to repay the loan.
There are several places to get a bridge loan on your mortgage. Any bank or mortgage company will sell you a bridge loan, but remember they always have a much higher rate of interest.
Commercial loan interest rates depend on which bank you are dealing with and your credit history. You can expect to pay anywhere from 3% to 10% per year.
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.