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how to calculate overdraft interest


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Hi Blinko.

You need to download a spreadsheet template from the library section and enter all the interest from your statements. The spreadsheet will calculate your interest for you.

 

The 8% statutory interest which is allowed under sec.69 is granted by the court and so is not added until the MCOL stage.

 

Regards, Rooster.

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  • 3 years later...

Hi,

 

Here's the spreadsheet 'link'............

 

http://www.consumerforums.com/resources/templates-library/48-bank-templates/118-interest-calculation-spreadsheets

 

Regards.

 

Scott.

 
 

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