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| Forum » Doubts and questions » %Deposit %Loan : Finance | Date | |
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Username
362 msgs.
First-team player
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I have seen my % of saving deposits has reduced drastically in past 3 days... 7% was throughout the season.. Yesterday(Monday) changed to 6.782% Today(Tuesday) changed to 2% Omg... 2%?????? Then what's my financial advisor of 90% doing there?  |
26/11/2013 08:27 |
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Username
604 msgs.
MVP of the game
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its same for everybody and it got nothing to do with financial advisor. | 26/11/2013 09:35 |
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Username
527 msgs.
MVP of the game
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haha thanks for making me realize this... my question is, let say i make a loan now with 2% interest for 10 weeks....is the weekly payback amount going to be fixed with this 2% throughout the 10 weeks...or will it change later according to future rate? if it is fixed, then i think this is the right time to make a loan while the interest is low... |
26/11/2013 11:02 |
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Username
362 msgs.
First-team player
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TimiZero said: haha thanks for making me realize this... my question is, let say i make a loan now with 2% interest for 10 weeks....is the weekly payback amount going to be fixed with this 2% throughout the 10 weeks...or will it change later according to future rate? if it is fixed, then i think this is the right time to make a loan while the interest is low... No man.. I've tried this kind of trick earlier also.. When I had saved deposit of 9.7% but loan changed to 7% for first time.. It automatically changes to current int% rate.. Trick of taking loan amount and repaying same will always make u lose money.. :'( Edited by pritam13c 26-11-2013 19:27 |
26/11/2013 11:15 |
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Username
527 msgs.
MVP of the game
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pritam13c said: TimiZero said: haha thanks for making me realize this... my question is, let say i make a loan now with 2% interest for 10 weeks....is the weekly payback amount going to be fixed with this 2% throughout the 10 weeks...or will it change later according to future rate? if it is fixed, then i think this is the right time to make a loan while the interest is low... No man.. I've tried this kind of trick earlier also.. When I had saved deposit of 9.7% but loan changed to 7% for first time.. It automatically changes to current int% rate.. Trick of taking loan amount and repaying same will always make u lose money always.. :'( ok thanks for clarifying this...hehe  |
26/11/2013 11:39 |
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Fiscal
4211 msgs.
Best scorer
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I have a loan out right now taken when the rate was 7%. I just checked and it is still at 7%. If you take out a loan now at 2% but it increases if the rate increases, why doesn't it decrease if the rate decreases? pritam13c said: TimiZero said: haha thanks for making me realize this... my question is, let say i make a loan now with 2% interest for 10 weeks....is the weekly payback amount going to be fixed with this 2% throughout the 10 weeks...or will it change later according to future rate? if it is fixed, then i think this is the right time to make a loan while the interest is low... No man.. I've tried this kind of trick earlier also.. When I had saved deposit of 9.7% but loan changed to 7% for first time.. It automatically changes to current int% rate.. Trick of taking loan amount and repaying same will always make u lose money.. :'( Edited by pritam13c 26-11-2013 19:27 |
27/11/2013 03:28 |
| FC need more holidays - Div3/Gr9 | ||
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Username
362 msgs.
First-team player
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Is it so? Let's try the gamble again..  vgates said: I have a loan out right now taken when the rate was 7%. I just checked and it is still at 7%. If you take out a loan now at 2% but it increases if the rate increases, why doesn't it decrease if the rate decreases? pritam13c said: TimiZero said: haha thanks for making me realize this... my question is, let say i make a loan now with 2% interest for 10 weeks....is the weekly payback amount going to be fixed with this 2% throughout the 10 weeks...or will it change later according to future rate? if it is fixed, then i think this is the right time to make a loan while the interest is low... No man.. I've tried this kind of trick earlier also.. When I had saved deposit of 9.7% but loan changed to 7% for first time.. It automatically changes to current int% rate.. Trick of taking loan amount and repaying same will always make u lose money.. :'( Edited by pritam13c 26-11-2013 19:27 |
27/11/2013 13:13 |
| - Div/Gr | ||
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