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Which Loan allows overpayment
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Hi,
Im in the process of applying for a loan however I know that i want to make overpayments. Does anybody know of there are any good deals out there which will not have any penaltys.
Thanks in advance
Nimo
Hi there, lucky for you ive been doing a bit of research.
Egg loans allow overpayments with the added bonus of its interest being calculated daily. Coincidentally I got a quote from them today (via online) and the APR was sky high! Gutted =(
Post Office also allow overpayments however, the interest for the entire duration of the loan is calculated at the start of the repayment period. So paying it off quicker wont make it any cheaper. Could be good though if you have a habit of spending spare cash!0% Credit Card [strike]£2000[/strike] / £1450 left
9.9% Overdraft £2000 / £2000 Goal: reduce limit
Career Development Loan [strike]£2961.60[/strike] 20/03/09 PAID OFF! =D0
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