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MBNA to pay off a loan?
mummytofour
Posts: 2,636 Forumite
in Credit cards
Hi
I have a loan with natwest which has 3 yrs left to run, I have found out that is I settle now I will knock 1k off the loan. My MBNA account has a credit limit big enough to move the loan over to it with intrset free until Jan when I could then tart the remainding balance. I figure that all in all I could knock a total of 3 k off the loan by Jan if I move the loan.
Anyway on my MBNA account there is an option to transfer money into a current account, does anybody know if this will still have the 0% balance transfer rate? Failing that does anybody know the best way of getting the money from MBNA to my natwest loan for the least amount of money?
Thank you in advance for you help.
V
I have a loan with natwest which has 3 yrs left to run, I have found out that is I settle now I will knock 1k off the loan. My MBNA account has a credit limit big enough to move the loan over to it with intrset free until Jan when I could then tart the remainding balance. I figure that all in all I could knock a total of 3 k off the loan by Jan if I move the loan.
Anyway on my MBNA account there is an option to transfer money into a current account, does anybody know if this will still have the 0% balance transfer rate? Failing that does anybody know the best way of getting the money from MBNA to my natwest loan for the least amount of money?
Thank you in advance for you help.
V
Debt free and plan on staying that way!!!!
0
Comments
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Yes it will be at the 0% rate to transfer into your current account, you may want to enquire on the fee first of all though as I'm assuming its quite a large amount you need from size of rebate for loan, quite a lot of MBNA's fee's now are uncapped so could cost quite a bit.0
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