Once the date as advertised within your Notice of Variation is reached, any instalments you have set up in excess of 3 months will have the new rate of interest applied.
It goes without saying, that any plans set to 3 months or less will remain interest free.
You have the ability to replan any interest bearing instalments to 3 months or less up until the date of the change is met. This will reduce the amount of interest you’d pay overall.
Comments
0 comments
Article is closed for comments.