Skin,
Your regular instalment each month must be between 2% and 4%. You can alter the % as it suits you. However, you can also pay off a lump sum if you want to clear a big chunk of the loan off. Total flexibility!
The key think to remember about this credit facility is that unlike a term loan where you borrow a fixed amount and that's it, the Credit Account allows you apply for a line of credit that you only draw down as you need and you can top it up within your limit as it suits.
Any more queries please ask.
RaboDirect
Can people who are self employed apply for this product
RaboDirect:
Could you tell me please, what is the procedure for paying off more then 2% - 4% per month?
Thanks.
Hi,
I have a quick question on the drawdown.
Say you are approved for €20K and drawdown €10k. If you have paid back €5k.
What is available to drawdown? €10k or €15k.
Thanks,
Van
you have to have €1,000 paid off before you can draw down an extra "chunk" of your pre approved amount.
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