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HSBC Loan confusion
Hi,
This is my first post so hang in there.
I have a HSBC Personal Loan. I borrowed £7000 and took it out over 5 years, at the end of that time I will of repayed £9960.15. If I repay this early what should I expect to pay? Is it possible to pay off a chunk and if I do what would happen to my monthly repayments? Oh I should say I'm a year into the loan.
I am trying to get debt free and this is my starting point.
Thanks for your help.
This is my first post so hang in there.
I have a HSBC Personal Loan. I borrowed £7000 and took it out over 5 years, at the end of that time I will of repayed £9960.15. If I repay this early what should I expect to pay? Is it possible to pay off a chunk and if I do what would happen to my monthly repayments? Oh I should say I'm a year into the loan.
I am trying to get debt free and this is my starting point.
Thanks for your help.
0
Comments
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you will pay less interest if you settle the debt early; your T&Cs should show an example or two or simply ask HSBC for an early settlement figure0
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