31
Jan
Jan
if i wanna take a bank loan of about 90 -100k how much do my garantor need to earn per month roughly?? the interest rate of repayment is 5.58% per annum.. i called the bank i intend to take loan from and that person told me 30k! who the fk earns that much per month.. or is that true that someone needa earn 30k to be garantor of 100k loan
Answer:
I think the person you spoke to meant 30K per year, not per month. I would call another branch of the bank (or maybe two branches) and ask about the income requirements for a 100K loan at 5.58%. If you get different answers, then pick the branch with the best terms for you.
Answer:
Here's the problem with your question….you didnt say the length of the loan?
I was going to calculate it for you but just go to this site:
http://www.bankrate.com/brm/business-cal…
You can play with the numbers and it will give you an idea on how much your monthly/annual payments are
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on Thursday, January 31st, 2008 at 11:47 pm and is filed under Personal Finance.
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