Car Loans: The Repayments
Repayments (maximum of 48 months but subject to a reduced term
for a vehicle exceeding four years of age) will be deducted at
source from stipend.
The examples below are based on an interest rate of 6% p.a.
| Amount |
3 year term (36 months) |
4 year term (48 months) |
| 10,950 |
£ 333.12 |
£ 257.16 |
| 9,000 |
£ 273.80 |
£ 211.37 |
| 8,000 |
£ 243.38 |
£ 187.88 |
| 7,000 |
£ 212.95 |
£ 164.48 |
| 6,000 |
£ 182.53 |
£ 140.91 |
| 5,000 |
£ 152.11 |
£ 117.43 |
| 4,000 |
£ 121.69 |
£ 93.94 |
|
The examples above are provided as an indication. Confirmation
of the terms of the loan and the monthly repayments will be
provided when a loan has been granted.