st182
Posts: 27
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Post by st182 on May 3, 2019 11:04:21 GMT
Hi All, Bit of a n00b question here- can I ask, with a 1 yr RS loan, is all of the capital and interest paid at the end of the term? I haven't been in a year yet- initially i threw most of my pot at rolling, and a chunk each into 1 and 5 year. I've had a steady stream of interest as the months have gone on, but recently re-aligned my strategy (if you can call it that!) and I have most in 1 yr now as it suits me better for possible life plans. My stream of payments seems to have come to an abrupt halt!! Thanks all for reading
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 3, 2019 11:20:00 GMT
Hi All, Bit of a n00b question here- can I ask, with a 1 yr RS loan, is all of the capital and interest paid at the end of the term? I haven't been in a year yet- initially i threw most of my pot at rolling, and a chunk each into 1 and 5 year. I've had a steady stream of interest as the months have gone on, but recently re-aligned my strategy (if you can call it that!) and I have most in 1 yr now as it suits me better for possible life plans. My stream of payments seems to have come to an abrupt halt!! Thanks all for reading Yes, 1yr loans have all interest & capital paid at term, monthly obviously pays capital & interest each month, 5yr are amortising so make partial capital & interest payments each month.
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st182
Posts: 27
Likes: 11
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Post by st182 on May 3, 2019 11:27:12 GMT
Brilliant- many thanks for clearing that up, much appreciated
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