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)
11,625 £ 353.66 £ 273.01
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.