Thread: Wycombemariner VS EGG Loan

Hi sorry to be a pain but how do i work out how much they owe me with interest??

Egg Loan for £5k. PPI was £2031.85 on top of that, loan is for 7 years and the APR is 7.66%

I've got the letter completed printed and ready to be sent but I can't work out how much they owe me. Any help greatly appreciated!

Tried to use the calculator provided on here but what the hell is "Monthly Int.%" ???

Originally Posted by wycombemariner

Hi sorry to be a pain but how do i work out how much they owe me with interest??

Egg Loan for £5k. PPI was £2031.85 on top of that, loan is for 7 years and the APR is 7.66%

I've got the letter completed printed and ready to be sent but I can't work out how much they owe me. Any help greatly appreciated!

Tried to use the calculator provided on here but what the hell is "Monthly Int.%" ???

Hello Wycombe,

Can you type up the figures that are detailed on your loan agreement.

Your say the egg loan was for £5k.

PPI was £2031.85 Does this include the interest they charged you on this at 7.9%

When you have clarified these questions, I will have look at working out what the statutory 8% would be on top

Your say the Egg loan was for £5k.

PPI was £2031.85 Does this include the interest they charged you on this at 7.9%

Loan of £5k
Interest at 7.66%
PPI additional £2031.85. and the interest on that is the same I think, at 7.66%

thanks in advance for your help

Originally Posted by wycombemariner

Your say the Egg loan was for £5k.

PPI was £2031.85 Does this include the interest they charged you on this at 7.9%

Loan of £5k
Interest at 7.66%
PPI additional £2031.85. and the interest on that is the same I think, at 7.66%

thanks in advance for your help

Hello Wycombem

Sorry I'm a bit confused, can you type up the whole info on the agreement

Loan amount £5k
ppI £2,031.85
Total amount of credit £XXXXXXXXX

Payments of £xxxx over xxxmonths

Thanks