You choose to pay it back in 16 affordable repayments of 85. 00 per week. Small Loan example Loan amount 1,000. In the above example, you will pay: Adjusted Credit Amount: 1,000. 00 (what you receive) Establishment Fee: 200. 00 (set by NCCP at 20 of the loan amount) Monthly Permitted Fee: 40. 00 per month charged on the anniversary date of the loan Amount of Credit of the Loan: 1,240.

00 Nominal Percentage Rate (Interest) per annum: 0 as defined by NCCP Comparison Rate: 201. 9447 as defined by NCCP Total Amount of Interest Payable: NIL Total Number of Repayments: 16 Consisting of 16 payments of 85. 00 Total amount of repayments: 1,360.

What happens if i cant pay my personal loan

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What happens if i cant pay my personal loan

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What happens if i cant pay my personal loan