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Personal loan with my bank - should I take it?
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Take it and pay the debt off, clear the lot in 3 years and then happy days.0
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I work for a bank and each customer has their own individual rate based on their credit rating and also how much they are lending.The higher the loan the better the rate.The rate that you have been quoted is very good but check that you can make overpayments and that interest is calculated daily so that you benefit from overpayments.Murphys no more pies club member 275:j0
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Thanks for all the replies - very interesting and helpful.
I checked at the time and I can overpay without penalty - I just need to make sure I end with a direct debit payment rather than pay off in full. I am intedning to make regular overpayments - I would like to have it all paid off asap obviously.
The interest IS calculated daily so I will definitely benefit from the overpayments too. :j
I think I will contact my bank and get it sorted!0
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