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BOI Mortgage Interest Rate - Calculated Daily or Monthly

07-03-2018 02:38PM

#1

TitanIreland

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: February 2013

Posts: 1

Hi,

Does BOI calculate interest on a mortgage Daily or Monthly?

Thanks

Richard

0

Comments

#2 07-03-2018 04:05PM

Bank of Ireland: Sarah

Closed Accounts Posts: 1,640 ✭✭✭

Join Date: January 2014

Posts: 1596

TitanIreland wrote: »

Hi,

Does BOI calculate interest on a mortgage Daily or Monthly?

Thanks

Richard

Hi Richard,

Thanks for getting in touch with us on Boards.

The interest on your mortgage is accrued daily on the current balance and we charge this quarterly. If you need any further clarification on your specific Mortgage account, please get in touch with our Mortgages team on 01-6113333.

Thanks,
Sarah

0