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Sainsburys Loan question..
Stormer1979
Posts: 3 Newbie
in Loans
Hi
I am looking at getting a loan for £6,000 from Sainsbury.
To make the repayments easier I was looking at paying it of over 5 Yrs.
I have worked out that for the extra year I will pay £250 extra than I would over a 4 year period.
The total monthly repayment over 5 yrs is approx £122.23 compared to £147.xx over 4 yrs.
I have read the T&C's but a little confused in to whether or not if on the 4 yr mark I would be able to pay the loan off early??
Also can I make additional one off payments to the loan to bring the balance down if I wish to?
Thanks
I am looking at getting a loan for £6,000 from Sainsbury.
To make the repayments easier I was looking at paying it of over 5 Yrs.
I have worked out that for the extra year I will pay £250 extra than I would over a 4 year period.
The total monthly repayment over 5 yrs is approx £122.23 compared to £147.xx over 4 yrs.
I have read the T&C's but a little confused in to whether or not if on the 4 yr mark I would be able to pay the loan off early??
Also can I make additional one off payments to the loan to bring the balance down if I wish to?
Thanks
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