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Help Me Calculate This! A Bank Loan Of 2%monthly. - Business - Nairaland

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Help Me Calculate This! A Bank Loan Of 2%monthly. by Volksguys1985: 9:58am On Feb 26, 2022
My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by SUPERPACK: 10:08am On Feb 26, 2022
About #5000 in interest

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Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Adebaba1(m): 9:25pm On Feb 26, 2022
Volksguys1985:
My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.

Please which bank?
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Volksguys1985: 9:34pm On Feb 26, 2022
Adebaba1:


Please which bank?
uba
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Adebaba1(m): 9:55pm On Feb 26, 2022
Volksguys1985:
uba
Thanks
Please what are the steps to take the loan
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by underpinna: 10:07pm On Feb 26, 2022
Volksguys1985:
My bank offer me, 202,000 at 2% per month and spread to over 12 months, like 14 to 15 months,
How much are they going to deduct monthly? Pls accountant in the house.

Assuming that there is no hidden charge and using 15 months interval

Interest per month at 2% is 4040
Total at 15 months is 60600

So, 60600+202000=262000
If you divide that by 15 months you'll be paying around 17600/month

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Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Volksguys1985: 2:15am On Feb 28, 2022
Adebaba1:

Thanks
Please what are the steps to take the loan
i don't really know but as i just upgrade my account, i notice am eligible, but have not gone deep into collecting it though, am still considering it.
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Adebaba1(m): 9:36am On Feb 28, 2022
Volksguys1985:
i don't really know but as i just upgrade my account, i notice am eligible, but have not gone deep into collecting it though, am still considering it.
I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by neutralmind: 10:14am On Feb 28, 2022
Adebaba1:

I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%

For gtb it must be a salary account.
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Volksguys1985: 4:39pm On Feb 28, 2022
Adebaba1:

I did a little research and discovered that the interest is a bit high than that of GTb. The interest of Guaranty trust is 1.5%
how much is GTBank willing to you at that rate?
Re: Help Me Calculate This! A Bank Loan Of 2%monthly. by Adebaba1(m): 8:32am On Mar 01, 2022
Volksguys1985:
how much is GTBank willing to you at that rate?
Minimum of 50k
Maximum of 5m

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