Hi folks,
I have a quick question I hope someone can answer.
When taking out a cash loan what exactly is the Prowizja? I understand that this a payment taken by the bank, but I don't understand how exactly it's calculated.
If the loan is 5000zl and the bank prowizja 3%, does this mean 3% of the capital (5000zl) or 3% of the capital and the interest over the life of the loan?
Also, is the prowizja included in any quoted APR?
Anyone with any experience of this? I've not heard of prowizja in the UK or if it exists it's swallowed up in the total interest payment.
Any help would be much appreciated.
Cheers,
Peter
I have a quick question I hope someone can answer.
When taking out a cash loan what exactly is the Prowizja? I understand that this a payment taken by the bank, but I don't understand how exactly it's calculated.
If the loan is 5000zl and the bank prowizja 3%, does this mean 3% of the capital (5000zl) or 3% of the capital and the interest over the life of the loan?
Also, is the prowizja included in any quoted APR?
Anyone with any experience of this? I've not heard of prowizja in the UK or if it exists it's swallowed up in the total interest payment.
Any help would be much appreciated.
Cheers,
Peter