registerme
Member of DD Central
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Post by registerme on Nov 2, 2018 8:35:22 GMT
Anybody else get a capital repayment on this yesterday? It's an interest only / bullet repayment loan so was unexpected. I've asked Archover to tell me what they can.....
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registerme
Member of DD Central
Posts: 6,184
Likes: 5,991
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Post by registerme on Nov 2, 2018 11:21:54 GMT
And by way of reply:-
"******** has decided to pay back a portion of their loan facility each month to reduce their debt exposure. The business intends to repay a total of £4,000 per month spread equally across the two outstanding loans.
You will therefore receive a portion of your capital alongside the monthly interest payment. The interest payments will reduce in line with the capital that is outstanding.
All ArchOver Borrowers can repay their facility (partially or in full) at any time at no extra cost, as per the terms of the facility agreement".
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