When a loan adds cash does it credit capital

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When a loan adds cash does it credit capital

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When a loan adds cash does it credit capital

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REPRESENTATIVE EXAMPLE. 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.

When a loan adds cash does it credit capital