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Bank loan interest rate


Guest arshavin

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Guest chershen

arshavin wrote:

Someone ask me why Mercedes Benz bank loan interest is 1.99%. And not 1.88%

How much difference can oneself pay for the 0.11%

MB has no "bank" loan - the loan comes from the local banks.

i think the rates are 1.88% still.

if it is 1.99%, the difference is really dependent on how much loan / tenure you are taking.

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Guest grey3443

Assuming your loan $136k for 10 yrs at 1.99%

It will works out as follow: 136000 x 1.99% x 10 = $27 064 of interest.

If it is 1.88%, it will be as follow: 136000 x 1.88% x 10 = $ $25 0568 of interest.

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arshavin wrote:

Someone ask me why Mercedes Benz bank loan interest is 1.99%. And not 1.88%

How much difference can oneself pay for the 0.11%

difference of $1496 bro from 1.99 vs 1.88 at your amount (136k?) w 10 years loan.

MB tie up with their bank peg at 1.99% I remember you

can't take outside loan at lower % as they already did a tie up.

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