Loans and borrowing

Working out repayments

Can you calculate the repayments for the fridge/freezer?



Click on this link to view a PDF containing a series of questions about the repayments.

Borrowing money

Take a look at the details for the ABC Bank, and the XYZ bank given below.

ABC Bank Ltd Loans...10%APR Credit Cards...15%APR Mortgages...5.1%APR

XYZ Bank Ltd Loans...7%APR Credit Cards...20%APR Mortgages...5.5%APR

Question

Who offers a credit card for the cheapest?

Your friend needs a loan for £500.00 Which bank would give your friend the cheapest deal?

Of the two, whose mortgage offers the 'most competitive' rates?

Can you answer the questions? Yes/No

Would you like to know the advantages and disadvantages of using a credit card?