Egg PPI

seraphina

Hi everyone,

I have a quick question about an Egg loan - can I cancel the PPI at any time without affecting the loan (other than reducing the payments?)

Thanks in advance!

seraphina

Ignore this - I have just found my policy summary for my loan repayment protection and it says I am free to cancel this policy at any time:beer:

chocaholic110

Funnily enough I was just coming on here to ask exactly the same question! Thanks! for answering before I asked it!

chocaholic110

Well, that seemed easy. phoned up, talked to a very nice man who asked what job I did and whether I had life insurance, then told me he was satisfied that I could cancel. Said I would hear in the next week how much loan would be reduced by.
Anyone know how they work it out? Will I get back the fraction of the PPI equivalent to the fraction of time still to pay?

chocaholic110

Or does anyone know how long it takes to come off your account?

James240

when i asked them to take mine off it took just over a week if i remember, didnt have to chase them up at all neither :beer:

Molanole

I did this and they took it off within a couple of working days. No chasing required. Easy as pie :j