Answer:
Representative Example: Borrow 10,000 PHP for 12 months with an interest rate of 4.563%, your monthly repayment will only be 1100 PHP, but can also be paid with at least a minimum amount of the 8% of the total outstanding principal balance 10,000 x 0.08% = 800 PHP.
TERMS
6 – Flexible
months
AMOUNT
5,000 – 500,000
PHP
INTEREST RATE
3.315% – 4.563% mo.
APR = 39.78% – 54.756%
DISCLAIMER: Loan amount, monthly amortization & applied rate shall be confirmed in your loan docs. Loan approval shall be subject to the submission of required docs., ACOM’s credit policies & procedures.
Step-by-step explanation:
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