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Loan Repayment ??

Sep 25, 2006 by mickeyblueyes | Posted in Other - Business & Finance

If I were to take out a bank loan for £500,000 over 20 years at an interest rate of say 8% what would the monthly repayments be? It would be helpful if when answering that you could explain how it is worked out so that I can apply it to other amounts/periods

That would be called a mortgage!

Check out banking websites for loan/mortgage calculators. They give a good idea of what repayments will be.

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