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Sep 28, 2017 - 34 minute read

Best 5 year personal loan rates

If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131. 67, with a total payback amount of 6,320.

12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720.

Best 5 year personal loan rates

Here are several rules to keep in mind: Explain the Situation. Let your friends and family know what youre borrowing the money for. Its their money, after all, so they have a right to know. Mom and Dad may be willing to float you a loan to cover emergency medical bills, but may not be so happy to pay for a ski vacation.

Keep It Small. Dont ask friends and family for more than they can really afford to lend. Likewise, dont borrow more than you can afford to pay back. Pay Back Promptly.

Best 5 year personal loan rates

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