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Post by elephantrosie on Sept 10, 2017 12:20:45 GMT
i know it is the month-versary of the loan. but what count as monthversary? the date loan started or drawdown?
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amphoria
Member of DD Central
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Post by amphoria on Sept 10, 2017 18:41:09 GMT
i know it is the month-versary of the loan. but what count as monthversary? the date loan started or drawdown? It's the end date of the loan.
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Post by elephantrosie on Sept 10, 2017 20:35:47 GMT
i am only referring to the monthly interest, not the capital and all.
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Post by ladywhitenap on Sept 10, 2017 20:50:13 GMT
Interest and if appropriate, capital is paid on the day of the month when the loan ends.
LW
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Post by uncletone on Sept 12, 2017 10:19:55 GMT
For example: if the loan finishes on the 17th of a month, interest will be paid on the 17th of each month during the life of the loan.
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SteveT
Member of DD Central
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Post by SteveT on Sept 12, 2017 10:44:53 GMT
For example: if the loan finishes on the 17th of a month, interest will be paid on the 17th of each month during the life of the loan. The one exception is MTAI576 which pays on the 9th of a month but is scheduled to end on the 7th of a month, for reasons explained here
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