loaning from the bank?

[jtan]

hi there,

does anyone know the standard interest for loaning from the bank? how are they computed? as what i know the rate they give is annual rate, and they divide it by 12 to get the monthly rate.

has anyone heard of revolving loan?

thanks.

[Dunedain]

I think the interest rates varies from bank to bank, not really sure if there is a standard rate for all banks. Best way is to get in touch of a bank of interest and inquire about the loans, modes of payment, and interest rates.

[mike dell]

get a broshur sa labas ng citibank bldg, loan is sumting like:

15,000 = 1,550 (12m) 925 (24m) 717 (36m)
50,000 = 5,017 (12m) 3,083 (24m) 2,389 (36m)
100,000 = 9,833 (12m) 5,867 (24m) 4,478 (36m)

medyo mahal talaga interest Ü