AndyB123

Hi All,

I am about to start organising a car loan to pay for my car, I get a monthly allowance from my employer which is used to pay for the car.

Question is:

How do they work ther figures out over here?

I am looking to borrow 132000 and repay over say 5 years to get the payments as low as possible.

Any one here know what kind of monthly repayment this would equate to for 60 or 72 month repayment period.

Thanks,
Andy

smilingcamel

link below might help....

http://www.citibank.com/uae/gcb/loan...calculator.htm

IndieG

Make sure you know that the interest quoted by banks here is a flat rate (deceptively a low rate of 4-4.5%) and not a reducing balance rate. Ask them exactly how much this translates into as reducing rate.