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Increase loan repayments? (natwest)

I have a loan with approximately £9,185 left to pay back. It's a fixed loan not a flexi

I pay £238 a month, is it possible to increase my monthly payments somehow? I just want to get rid of it faster so I can eventually get my own place!

thanks

Mike

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    If you have checked with natwest that you can't overpay then your choices are

    -get a another flexible loan to pay it off but check the APRs etc to ensure that you will actually save money
    -just save any spare money until you have enough to settle the loan early.
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    Call them and ask. I believe it is possible to overpay on a natwest loan.
    Kavanne
    Nuns! Nuns! Reverse!

    'I do my job, do you do yours?'

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