Credit card interest amount I would pay ?

Discussion in 'General Discussions' started by rosegirl, Jun 24, 2010.

  1. rosegirl

    rosegirl Bronze IL'ite

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    Hi
    I am going to buy a property in India and I need to take some loans using my credit card so I want to know how much interest I would normally pay every month for credit card loan.

    Suppose I take 5000$ and transfer it from credit card account to my checking account, how much I will pay approximately every month?

    This is my first credit card loan and I am nervous about the pay back time, credit history, interest rate etc.Can somebody throw some light.
    thanks.
     
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  2. nmtkar123

    nmtkar123 Senior IL'ite

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    hi rosegirl
    i think u mean a cash advance! u didnt mention the interest rate on ur c card. usually a cash advance rate is much higher than a purchase rate. i personally wouldnt suggest taking it as u wud end up paying much more dependind on how long u will take to pay it off
     

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