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 17.9% retroactive to date of installation.
Example of 6 Months Same As Cash at 17.9% APR :
Initial investment x Monthly interest = Total outstanding balance x Minimum payment = Min. monthly investment
$6,000.00 x (1.09%) = $6.540.00 x (.02%) = $130.80
NOTE: Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.