You are reading a single comment by @stevo_com and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
stevo_com
Yes, that's what he's getting checked out.
So if you wanted to pay off 100,000 you'd pay:-
10,000 off with no repayment charge, leaving 90,000, and then pay 3% of the 90,000. Giving a total of 102,700.
Rather than 3% of the whole 100,000 which would mean a total of 103,000.