Late 2021 I lent some money to an acquaintance who was using it to buy some land and develop a few properties. Due diligence was assumed...legal contracts drawn up etc etc and a charge on the land in my name.
A substantial tranche of the loan is now being repaid, plus interest which was very favourable for me. I trust the person but would like to confirm that the interest payment is correct...my back of an envelope calculations differ from that quoted. And not in my favour :-)
I’ve looked online to find a website where I can input the initial financial amount, the interest rate calculated daily, and when the loan transfer was made from my bank. To no avail.
Can anyone point me in the right direction please. Much appreciated.
|
