Old Egg loan - How much typically does PPI cost?

KingRoLo

In 2005 i took out an Egg loan for £10,000 for 8 years which was due to end Decmber 2012, however i managed to pay it off in 2009.

I dont have any of the paperwork available so im unable to determine if i was paying for PPI. However the monthly repayments were in the region of £130.

I quick simple calculation tells me that a loan value of £10,000 divided by 96 months equals roughly £104 with not interested. So could a £130 monthly repayment still include PPI? I was under the impression that PPI was almost double that.

I'd just like to know if its even worth going through the hassle of paying £10 for the breakdown of the statements only to find out that i wasnt even paying PPI anyway.

So typically how much are the PPI payments?

di3004

KingRoLo wrote: »

In 2005 i took out an Egg loan for £10,000 for 8 years which was due to end Decmber 2012, however i managed to pay it off in 2009.

I dont have any of the paperwork available so im unable to determine if i was paying for PPI. However the monthly repayments were in the region of £130.

I quick simple calculation tells me that a loan value of £10,000 divided by 96 months equals roughly £104 with not interested. So could a £130 monthly repayment still include PPI? I was under the impression that PPI was almost double that.

I'd just like to know if its even worth going through the hassle of paying £10 for the breakdown of the statements only to find out that i wasnt even paying PPI anyway.

So typically how much are the PPI payments?

Hi

Personally its cheaper to request for a Subject Access Request (SAR) where you should receive all data under that account, and assuming statements of every month you paid as well.
They have 40 calendar days to comply, and enclose the same payment of £10 cheque or postal order.

SAR letter template here.
https://forums.moneysavingexpert.com/discussion/1475553

Please be aware though, as long as you know you were sold and have your reasons to make a reclaim on the ppi you do not actually require the paperwork as they will still hold details and send you a breakdown if your successful.

A reclaim questionnaire below step 3, send to whoever set up and sold you the account, head office or complaints dept, also save a copy for yourself as well, hope this info helps, good luck.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3