iteach
2011-01-30 09:15:45
- #1
Hello,
we have an offer from a bank with a 6-month interest-free period and thereafter an interest rate of 0.25% applies.
What does that mean?
Assuming I receive an amount of 200,000 on 01.02., I pay no interest until the end of July. What happens if, by that date, for example, 150,000 in invoices have already been paid? On which amount will interest be charged from 01.08.? Who decides when and why one must start repaying the loan?
Thank you very much!
we have an offer from a bank with a 6-month interest-free period and thereafter an interest rate of 0.25% applies.
What does that mean?
Assuming I receive an amount of 200,000 on 01.02., I pay no interest until the end of July. What happens if, by that date, for example, 150,000 in invoices have already been paid? On which amount will interest be charged from 01.08.? Who decides when and why one must start repaying the loan?
Thank you very much!