Thanks very much for the advice. I thought it would be around 1%. I was thinking, if I pay 59500 off the loan, then leave the last payment to come out as normal then the loan would be paid off, so would I avoid this charge? IT might be worth a try.
The car for sale will be a 2011 Kia Sorento 3.5 V6
ENGINE 280BHP
• 5 SEATS
• 35500 KM FROM NEW – EXPAT OWNED
• FULL AUTOMATIC DUAL ZONE CLIMATE CONTROL (ICE COLD)
Bank will charge you 1% + remaining amount. As you mentioned you have 60,000 loan amount when you return this whole amount in one shot, bank will charge you additional 600 riyals instead of regular vehicle loan rate.
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Thanks very much for the advice. I thought it would be around 1%. I was thinking, if I pay 59500 off the loan, then leave the last payment to come out as normal then the loan would be paid off, so would I avoid this charge? IT might be worth a try.
The car for sale will be a 2011 Kia Sorento 3.5 V6
ENGINE 280BHP
• 5 SEATS
• 35500 KM FROM NEW – EXPAT OWNED
• FULL AUTOMATIC DUAL ZONE CLIMATE CONTROL (ICE COLD)
• CRUISE CONTROL
• BLUETOOTH HANDSFREE PHONE
• IPOD & USB CONNECTION
• FULL DEALER SERVICE HISTORY
• REAR PARKING SENSOR
• ELECTRIC WINDOWS & CENTRAL LOCKING
85,000 if you're interested? :)
if it is islamic bank, then it is complicated.
but if it is normal bank then the bank will charge u 1% of the remaining amount as early settlement charges
Bank will charge you 1% + remaining amount. As you mentioned you have 60,000 loan amount when you return this whole amount in one shot, bank will charge you additional 600 riyals instead of regular vehicle loan rate.
Hope this will help.
what car? model and type?