We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Whats the best way to go about paying off my overdraft?

2»

Comments

  • CG19a
    CG19a Posts: 765 Forumite
    I had a graduate account with Natwest and I got a Graduate Overdraft Repayment Plan from them, its one of the graduate benefits. Your overdraft for a graduate is for 3 years interest free, but if you aren't that disciplined like me in paying it back, they will turn it into a 3 year interest free loan instead. I applied for mine and paid something like £60 a month over 33 months to clear £2000 overdraft. Can't remember the exact figures but it was definately interest free.

    http://www.natwest.com/personal/day-to-day/student-graduate/g1/graduate-banking/graduate-interest-free-loan.ashx

    sorry, can't post links properly.
  • Burp_2
    Burp_2 Posts: 276 Forumite
    CG19a wrote: »
    I had a graduate account with Natwest and I got a Graduate Overdraft Repayment Plan from them, its one of the graduate benefits. Your overdraft for a graduate is for 3 years interest free, but if you aren't that disciplined like me in paying it back, they will turn it into a 3 year interest free loan instead. I applied for mine and paid something like £60 a month over 33 months to clear £2000 overdraft. Can't remember the exact figures but it was definately interest free.

    http://www.natwest.com/personal/day-to-day/student-graduate/g1/graduate-banking/graduate-interest-free-loan.ashx

    sorry, can't post links properly.

    That sounded like a plan so I rang up Natwest and they informed me that my account ceased being a Graduate account at the end of July! lol

    So looks like I'll have to do the putting away money option! :(

    cheers
    Burp x
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.5K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.