My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.

About #5000 in interest

Volksguys1985:
My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.

Please which bank?

Adebaba1:


Please which bank?

uba

Volksguys1985:
uba

Thanks
Please what are the steps to take the loan

Volksguys1985:
My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.

Assuming that there is no hidden charge and using 15 months interval

Interest per month at 2% is 4040
Total at 15 months is 60600

So, 60600+202000=262000
If you divide that by 15 months you'll be paying around 17600/month

Adebaba1:

Thanks
Please what are the steps to take the loan

i don't really know but as i just upgrade my account, i notice am eligible, but have not gone deep into collecting it though, am still considering it.

Volksguys1985:
i don't really know but as i just upgrade my account, i notice am eligible, but have not gone deep into collecting it though, am still considering it.

I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%

Adebaba1:

I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%

For gtb it must be a salary account.

Adebaba1:

I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%

how much is GTBank willing to you at that rate?

Volksguys1985:
how much is GTBank willing to you at that rate?

Minimum of 50k
Maximum of 5m