>>Finance...
A bit like those fixed rate mortgages currently on offer at a really low rate for 2 years with a £1k fee. Add the fee to the interest rate over two years and the true cost can be more than a significantly higher interest rate (unless borrowing shed loads).
I get business people doing it all the time - so and so bank are offering xyz above base / LIBOR which is better than your rate. Look at the charges, sometimes the cost to the business could be 2 or 3 times what we charge - and the advisers tell businesses we are expensive - its only because we don't hide fees!
Some even charge non-borrowing fees - if the customer doesn't take all the money asked for, then there is a fee for that too!
Last edited by: zippy on Sun 30 Jun 19 at 11:27
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