0571 as defined by NCCP. In the above example You'll pay: Loan Amount Financed: 2,500 Establishment fee: 400 (Set by NCCP) Amount of Credit of the Loan: 2,900 Total Amount of Interest Payable: 1,590. 86 Repayments: 103 x 43.
19 42. 31 (a final payment) Total amount of repayments: 4,490. 88 Nominal Percentage Rate (Interest) per annum: 48 as defined by NCCP Comparison Rate: 65. 5138 as defined by NCCP. WARNING: This comparison rate is accurate and applies only to the example or examples given.
Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may personal loan banks the cost of the loan.
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