I got the loan info I needed

There was an email waiting for me at work today from the loan consultant.

$18,000 over a five year term is going to cost me about $180 a fortnight.

Averaged out over the year this is going to need another $55 a pay on top of the minimum credit card repayments I have been making for the two business related credit cards. In s0me crazy karmatic way I’m expecting a payrise for that amount at the end of the month.

Another good thing is that the interest rate is fairly low, and I can repay extra at anytime without incurring a penalty. But I don’t plan to do this until I’ve paid out the credit card with the private expenses on it.

So one of my jobs this long weekend is to fill out the personal loan application form, I can’t believe I’m finally doing what I’ve been talking about for the last 12 months.