6 Months Same As Cash
6 Months Same As Cash
Make regular payments but incur no interest when paid in six months. The perfect choice for people who want to:
- Make six equal investments over the next six months and incur no finance charges.
- Need some time to arrange a home equity loan and then switch over their monthly investments to ensure tax deductible interest.
After the six month time period passes, the interest rate is retroactive to date of installation.
EXAMPLE of what the monthly payment would be for "6 Months Same As Cash" at 17.9% APR :
Initial investment (cost of work) x Monthly interest = Total outstanding balance x Minimum payment = Min. monthly investment
$6,000.00 x (1.09%) = $6.540.00 x (.02%) = $130.80NOTE #1: If the total amount of the wor ($6000.00) was paid off within the 6 months there would be NO INTEREST CHARGE!!!!NOTE #2: Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.