Hi all,
How can I work out the BBVA loan repayments? I know how much the course will cost, and it states the interest rate is currently 4.1%. It also states for the first 24 months is a holiday period then the next 24 months is a reduced rate and then the last remaining 6 years pays the full amount. How can I work out the amount required to pay back during years 2-4 and 4-10? Is it done on a percentage of the loan? I.e. Say the total loan is £120000, how can I work out these repayments? Any advice would be greatly appreciated, as I have tried contacting the BBVA to ask but got a response stating there are rules which prevent them from replying to me!
Thank you.