Hello, I am considering a PayPal credit loan to buy a vehicle. The price is £6,995.00. If I were to use the 24 month loan I would pay £329.92 PCM totalling £7,917.98. Say I made the first payment and then suddenly had the remaining £6600 available, could I pay that and incur no extra interest? Basically is the interest added to the monthly payments or do I owe the full £7,917.98 as soon as I take out the loan? Thanks
Welcome to PayPal Community Forum and thank you for posting!
We understand your concern regarding the interest rate on PayPal loan for early payment. Kindly reach out to our customer support team to get an understanding on how the interest and loan repayment works. Please reach out to the Support Team during business hours by clicking the Contact option at the bottom of PayPal page.
