If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.

Bank loan repayable within 1 year

HcksawJimDuggan · 2018-12-11 20:12:29

Hi All, Seems like a simple query but can't find a definitive answer elsewhere on line. Is the figure used for bank loans under creditors - amounts falling due within 1 year: (a) Monthly loan repayments x 12 Or (b) Monthly loan repayments x 12 less an estimate of the annual interest charge. Cheers, Hcksaw.

Options

11-12-2018 9:12pm

#1

HcksawJimDuggan

Registered Users Posts: 394 ✭✭

Join Date: June 2009

Posts: 300

Hi All,

Seems like a simple query but can't find a definitive answer elsewhere on line.

Is the figure used for bank loans under creditors - amounts falling due within 1 year:
(a) Monthly loan repayments x 12
Or
(b) Monthly loan repayments x 12 less an estimate of the annual interest charge.

Cheers,
Hcksaw.

0

Comments

Options
#2 12-12-2018 12:58pm
Bobby1984

Registered Users Posts: 267 ✭✭

Join Date: September 2009

Posts: 249

B. Payments less estimated interest charge

0
Options
#3 12-12-2018 1:39pm
Eireog1

Registered Users Posts: 81 ✭✭

Join Date: January 2014

Posts: 74

I do A as its a definite figure. If you pay off the loan tomorrow there wont be the interest for the full year.

0