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How Do I Get Round This Please?
MonkeyHanger
Posts: 5
Forumite
in Loans
Borrowed 8,000 in Sept at a rate of 6.4% over 3 years. Costing me £243 quid a month, and Ive now cashed some of my shares, which means I can pay this loan off alot quicker than expected.
Got a early settlement figure of about £7250, after 4 instalements paid. Early settlement will cost me 56 days interest, about 73 quid I think.
Whats the best way round this, to pay them off, without a settlement payment of 73 quid.
Pay off all of the loan? and pay them that, or leave one instalment till the end?
Thanks in advance
Got a early settlement figure of about £7250, after 4 instalements paid. Early settlement will cost me 56 days interest, about 73 quid I think.
Whats the best way round this, to pay them off, without a settlement payment of 73 quid.
Pay off all of the loan? and pay them that, or leave one instalment till the end?
Thanks in advance
0
Comments
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Usually pay it all down bar the last amount and let them "automatically" settle it.0
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