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  • FIRST POST
    • bolder
    • By bolder 20th Apr 17, 9:30 AM
    • 10Posts
    • 1Thanks
    bolder
    overpaying loan
    • #1
    • 20th Apr 17, 9:30 AM
    overpaying loan 20th Apr 17 at 9:30 AM
    hello, please help with my math, I have 4000 owed for 30 more months at 12.9 % ,my monthly is £167. what would happen ie how much would I save if i over pay 200 a month,
    regards
Page 1
    • Caz3121
    • By Caz3121 20th Apr 17, 9:50 AM
    • 10,496 Posts
    • 6,888 Thanks
    Caz3121
    • #2
    • 20th Apr 17, 9:50 AM
    • #2
    • 20th Apr 17, 9:50 AM
    there is a calculator here https://www.themoneycalculator.com/loans/calculators/loan-overpayment-calculator/#!/dealfinder/loans/
    • enjoyyourshoes
    • By enjoyyourshoes 20th Apr 17, 9:53 AM
    • 711 Posts
    • 899 Thanks
    enjoyyourshoes
    • #3
    • 20th Apr 17, 9:53 AM
    • #3
    • 20th Apr 17, 9:53 AM
    Check with loan company that you can overpay and there are no penalties for doing so, or early repayment charge if you pay before the term is up.
    Debt is a symptom, solve the problem.
    • bolder
    • By bolder 20th Apr 17, 3:25 PM
    • 10 Posts
    • 1 Thanks
    bolder
    • #4
    • 20th Apr 17, 3:25 PM
    • #4
    • 20th Apr 17, 3:25 PM
    thanks that was what I was looking for, shame it doesn't show the affect of 1 off payments ie if I paid 1000 now
    • Caz3121
    • By Caz3121 20th Apr 17, 4:03 PM
    • 10,496 Posts
    • 6,888 Thanks
    Caz3121
    • #5
    • 20th Apr 17, 4:03 PM
    • #5
    • 20th Apr 17, 4:03 PM
    thanks that was what I was looking for, shame it doesn't show the affect of 1 off payments ie if I paid 1000 now
    Originally posted by bolder
    that link was found with a simple google of "loan overpayment calculator" there are no doubt others that may cater for your question
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