Flexible loan vs No redemption penalty

tonyrancid

I want a loan for £5500.
I will be able to pay this off over 2 years, but I should be able to do better than this, possibly in 10 months.
I can get a bog standard loan with no redemption policy cheaper than a flexible loan, but do no redemption policys (eg Northern Rock) allow overpayments?
Does this make sense?
Am I missing something?
Is there a big difference?

Thanks for your help

tr

johannamse

I think Egg and Cahoot do flexible and no early redemption penalty loans - maybe you need to do more research and look at some more companies.

Don't worry too much about the rate as you are paying it back over such a short time. Would you be able to get a credit card at 0%. Capital one have one until Jan 2007 - 15 months.