Jump to content


Is there a way to avoid early repayment charge?


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4071 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi all,

I have about 900 left to pay on my Lloyds TSB loan. The usual direct debit for £346 will go out on 1st March but I have come by an extra £550 this month and want to put this towards the loan. Would there be an early repayment charge if I do this now and let the £346 go out as usual to pay off the loan? Or could I pay it all except for £5 for example, and then pay the £5 a couple of days later? Would this avoid a charge?

 

Thanks

Link to post
Share on other sites

I would suggest calling the bank and asking the question directly to them. You could also try checking the terms and conditions of your loan. It sounds like you are coming to the end of your loan anyway so I doubt there would be a charge and you could possibly get a tiny bit of interest refunded too for paying the loan off early.

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...