Over paying on loan

crushed00

How easy is it to do. My oh seems to think it's just a case of going to the counter at our local branch with the loan number and handing over the cash.. Is this true or really not that simple.

stephane_2

I am not convinced that you could do that over the counter....must maybe contact your lender by phone first to know their procedures on how to proceed....

opinions4u

It depends on the lender and the specific loan agreement.

_Andy_

crushed00 wrote: »

How easy is it to do. My oh seems to think it's just a case of going to the counter at our local branch with the loan number and handing over the cash.. Is this true or really not that simple.

Have you asked your loan provider?

crushed00

_Andy_ wrote: »

Have you asked your loan provider?

Well what do you think.... is there no where these people aren't .
Sorry Andy I won't ask for info or advice from this site again.

_Andy_

crushed00 wrote: »

Well what do you think.... is there no where these people aren't .
Sorry Andy I won't ask for info or advice from this site again.

Eh? Why react like that? "Well what do you think?" I have no idea, you haven't stated.
One phone call to your lender would get a definitive answer.
No need to be defensive.

Peelerfart

crushed00 wrote: »

Well what do you think.... is there no where these people aren't .
Sorry Andy I won't ask for info or advice from this site again.

You would be amazed at how many people don't do the obvious.

Valid question from Andy IMHO.

[Deleted User]

I can pay extra on my bank loan, by simply paying over the counter at the bank.

Indeed, on Monday, I will be paying off my bank loan :j , by that very method.

somethingcorporate

crushed00 wrote: »

Well what do you think.... is there no where these people aren't .
Sorry Andy I won't ask for info or advice from this site again.

You're right as your original question and response to Andy have shown.

Yes, those people are everywhere - Sorry, you're one of them.

Andy's response is obvious but absolutely the right one.

_Andy_

Bedsit_Bob wrote: »

Indeed, on Monday, I will be paying off my bank loan

Nice one good work!

MK55

I have one with a major bank and often pay money off each month over the counter. I always have to tell them not to reduce monthly payments though or it decreases by a few £'s on the next payment...realised that the first few times over paying.