Please refer to the Facility Terms and Conditions for full details of interest payments. Can I repay the borrowing at any time. Payments towards reducing the outstanding balance on the Facility can be made at any time. This is not a business loan and does payday cash advance temecula have a fixed monthly repayment amount.
Payments can be made to the account without any penalty. As the Facility is revolving, the agreed credit limit will not be affected.
What happens if the business is unable to pay the weekly interest. Failure to repay the interest instalment on time will result in the Facility being suspended.
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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.