REDUCING BALANCE LOAN?

Would anybody know the advantages and disadvantages of a shortening change loan with monthly repayments?

{ 1 comment }

Rose March 12, 2014 at 9:31 pm

Reducing loans with monthly repayments is to your advantage as loans have compound interest. All other things being equal, you will pay off the loan more quickly and it will ultimately cost you less. Wise move.

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