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.
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