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Erschienen in:
01.12.2013
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Erschienen in: Bankfachklasse | Ausgabe 12/2013
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Questions
1.
Mr Norton and his wife think about buying a good used car, because he has had an accident and his car is a total loss now.
2.
She can offer an overdraft facility, because Mr Norton has been earning a regular net salary of 3,050 euros for the last few months.
3.
A loan is for higher value purchases with a longer repayment term.
4.
The overdraft is repaid with the next salaries.
5.
The costs for an overdraft will be 13% interest and no handling charge.
6.
Mr Norton will only need 4 to 5 months for repaying the sum needed. There is no handling charge or any other fees.