Finance Through Fast Track Solutions
Through our partnership with Fast Track Solutions, Mor-Micron Paints are able to offer our clients a unique finance solution to pay for the paint work. We are able to create an individual solution for each of our customers by leveraging off their short term debt. Here is an example:
Before Fast Track Debt Optimisation
|
Principle |
Repayment |
Interest |
Term |
Bond |
R500 000 |
R5 924.36 |
R1 629 787.40 |
360 |
Credit Card |
R20 000 |
R1 500 |
R2 973.26 |
15 |
Car Loans |
R100 000 |
R3 000 |
R27 374.10 |
43 |
Retail |
R5 000 |
R800 |
R323.92 |
7 |
Total |
R625 000 |
R11 224.36 |
R1 660 458.67 |
360 |
After Fast Track Debt Optimisation
|
Principle |
Repayment |
Interest |
Term |
Bond |
R665 000 |
R10 535.24 |
R492 805.62 |
108 |
Credit Card |
0 |
0 |
0 |
0 |
Car Loans |
0 |
0 |
0 |
0 |
Retail |
0 |
0 |
0 |
0 |
Total |
R645 000 |
R10 535.24 |
R492 805.62 |
108 |
By using Fast Track Solutions we are able to do the following: We settled R125 000 short term debt, saving over R1.1 million in interest. Over and above that you pay your house off in 9 years instead of the original 30 years. Your monthly repayments are also reduced, thereby saving you R689.12 per month. AND On top of all of that you also recieve R20 000 to pay for your Mor-Micron Painting job. To learn more about Fast Track Solutions and how it can help you get the painting you want click here.