Not in my own direct (mortgage) and indirect (people I know with personal loans) experience. With such variable rate loans the repayments varied as the rates varied and the term/number of repayments remained fixed.A variable rate loan would have fixed payments the whole way through but may end up with an extra payment at the end of the term due to increase in interest....
Not in my own direct (mortgage) and indirect (people I know with personal loans) experience. With such variable rate loans the repayments varied as the rates varied and the term/number of repayments remained fixed.
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