Paying Natwest Loan off early!

joe86design

Hi,

I am getting debt free with the help of my bosses, but i would like to know some info on paying my natwest loan.

The loan shows up on my online banking with an amount of £1,572.
Will i have to pay more than what is stated or does the amount include the interest.

I think this makes sense!

Cheers
Joe

InsideInsurance

With the two loans I had with Natwest a fair time ago the amount shown was inclusive of all interest and therefore if you want to early settle it the amount will be less than stated (or at worst case the same as stated).

An easy way to check would be to look at a statement, if you see your monthly payment and then interest being added then the amount doesnt include interest and the payable amount will be more than that (due to the penalty clause). If you only see your payments then it is as it was for me

Phill_Anderson

What the amount fig is showing there is for one time payment, suppose if you want to payback all amount at a time but if you going to payback in installment then you have go give interest on given figure.