|
For our financial advisor types....
What do you think to this?
HSBC have just called me up and said that they can transfer up to 54K into my current account at a one off cost of 0.75% of the total amount that I transfer. The rate will then be 1.1% for 6 months then up to 2.15%. Does this sound too goof to be true? If so that means I can pay off my cards from home in one go saving a stack of interest.... anyone? :blink: |
Re: For our financial advisor types....
I don't quite understand. Are you talking about a simple fund transfer (from where?), or a loan??
If a loan is that a monthly or annual rate of interest? Terms? - |
Re: For our financial advisor types....
Originally Posted by Meow
(Post 6641121)
I don't quite understand. Are you talking about a simple fund transfer (from where?), or a loan??
If a loan is that a monthly or annual rate of interest? Terms? - actually this is an email from mrs spugsy, it's a loan, hmmm, actually when I got offered a Mashref card they told me 2.2% or something but that was per month and not yearly, do you think that's what this is? |
Re: For our financial advisor types....
I'd guess at a monthly rate, but can't say without knowing full info. You also need to check out repayment terms etc.
- |
Re: For our financial advisor types....
Spugsy
You can email full info to my work address for me to cast an eye over if you like. - |
Re: For our financial advisor types....
Originally Posted by Meow
(Post 6641149)
Spugsy
You can email full info to my work address for me to cast an eye over if you like. - |
Re: For our financial advisor types....
just sounds like a loan, with the interest rate obviously monthly..
|
Re: For our financial advisor types....
Originally Posted by admon
(Post 6641175)
just sounds like a loan, with the interest rate obviously monthly..
|
Re: For our financial advisor types....
Originally Posted by admon
(Post 6641175)
just sounds like a loan, with the interest rate obviously monthly..
|
Re: For our financial advisor types....
1.1% monthly => 14.0% AER assuming compounded
|
Re: For our financial advisor types....
Originally Posted by jvr20
(Post 6641293)
1.1% monthly => 14.0% AER assuming compounded
|
Re: For our financial advisor types....
Originally Posted by Spugsy
(Post 6641327)
ah but its 1.1% for 6 months then up to 2.15%
|
Re: For our financial advisor types....
Originally Posted by typical
(Post 6641337)
Over 21% for the year then... (again, assuming compounded)
|
Re: For our financial advisor types....
Originally Posted by Spugsy
(Post 6641236)
ah yes, just checked, sneaky bastards, that is the monthly rate - so what would that be as a yearly rate?
Too high/a rip off. - |
Re: For our financial advisor types....
Originally Posted by Spugsy
(Post 6641127)
aha quick as a flash!
actually this is an email from mrs spugsy, it's a loan, hmmm, actually when I got offered a Mashref card they told me 2.2% or something but that was per month and not yearly, do you think that's what this is? |
| All times are GMT. The time now is 2:29 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.