i guess it depends on the bank policy or way of computing interest. i dont know much about loan but using simple interest method meaning I= Principal x rate x term then you should pay lesser interest only based on the actual no. of months u fully paid the loan.
i guess it depends on the bank policy or way of computing interest. i dont know much about loan but using simple interest method meaning I= Principal x rate x term then you should pay lesser interest only based on the actual no. of months u fully paid the loan.
[img_assist|nid=15514|title="Adjust, Adopt & Overcome"|desc=|link=none|align=left|width=180|height=172]