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repayment break from loan

krashovr10ad
krashovr10ad Posts: 120 Forumite
in Loans
++

I am thinking about taking a re-payment break from my lloydstsb loan to help meet the needs of christmas shopping...

Is it easy and quick to arrange and will it have much of an impact of my loan terms? Can I only take one break over the life my loan (not that I want to take any breaks really)..?

Sorry - cannot remember the exact terms but at the moment I pay £128 for 5 years..

Thanks

++

Comments

  • mrcow
    mrcow Posts: 15,170 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Take a lookie here for terms and conditions.


    You should call the freephone number and find out if your loan falls under these conditions.

    Remember that you will still accrue interest whilst on a payment break.

    Good luck.
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
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