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looking round at the moment northern rock have the cheapest APR (5.6%), but do they front load the interest?? I would like to pay the loan of earlier than the agreed term, so want makesure i get a loan that charges daily rather than front loading
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Looking here for comparisons: www.moneysupermarket.com it doesn't mention daily calculated interest so I'd assume it's front loaded. Any company offering the daily calculated version will be shouting about it, IMHO. They do state no redemption penalty, though.
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Originally Posted by austen_wrx
looking round at the moment northern rock have the cheapest APR (5.6%), but do they front load the interest?? I would like to pay the loan of earlier than the agreed term, so want makesure i get a loan that charges daily rather than front loading
Hope that makes sense.
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