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Sep 28, 2017 - 34 minute read

Minimum personal loan amount citibank

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Minimum personal loan amount citibank

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Minimum personal loan amount citibank

See the box and link on the right for more information about percentages. The monthly percentage interest rate looks much lower. Is the APR just the monthly rate times 12. As well as the APR which they must show, some lenders advertise a monthly percentage interest rate, which looks much smaller.

However beware, the APR is more than the monthly rate times 12. The Minimum personal loan amount citibank is worked out on the basis that you refinance each month for 12 months. When you take out a new loan to pay off the first one - plus any interest - the next month's interest payment is likely to be significantly MORE. That's because you'll be paying interest on the new bigger balance after a month, which includes the original loan as well as the interest you have built up.

And if you couldn't afford it after the first month, will you be able to afford even more the second month.

Minimum personal loan amount citibank
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