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Cheapest loan of £5000 to pay off o/draft - help please
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physio_ryan
Posts: 20 Forumite
in Loans
Hi guys,
Just wondered if you helpful people would point me to a best loan for 5k. We have an o/draft of 5k since we moved house last year, and now want to clear it with a loan. We can afford (just about) £100 month to do it. (looking at over 5 years roughly...) The halifax looks good, but wondered if you have any really good -personal- advice or experience with them... or any one else you would recommend. We have our own home and reasonable / steady income. Any advice would be very much appreciated.
Thank you! :wave:
Just wondered if you helpful people would point me to a best loan for 5k. We have an o/draft of 5k since we moved house last year, and now want to clear it with a loan. We can afford (just about) £100 month to do it. (looking at over 5 years roughly...) The halifax looks good, but wondered if you have any really good -personal- advice or experience with them... or any one else you would recommend. We have our own home and reasonable / steady income. Any advice would be very much appreciated.
Thank you! :wave:
0
Comments
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Hello
What % rate is your o/draft at?
Would you be better off reducing you o/draft by £100 a month; - reducing outgoings to maybe further this? In this case, you would be o/draft free in 4 years 2 months - 10 months soon than 5 year loan.Proud To Be Dealing With My Debts - 1420 Days To Go!LBM: £103,592.98 / Currently £78,500.08 - Down 24.22% / Mortgage: £92,800.00 / Loan: £17,284.21 / Overdraft: £450.09 / C/Card 0%(October 08): £5,601.54 / C/Card 0% (January 09): £1075.22 / Child Care: £137.80
Share Investments: £51,390.74 / Money Owed From GS: £5,812.610 -
naaah that wouldn't work - rubbish current account - natwest.
Any other thoughts?0
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