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EGG Redress Calculation - Help Please
puglover_3
Posts: 43 Forumite
I am due to receive redress for a single premium ppi policy and would like some idea of what the redress should be.
Loan of £7500 taken out on 23rd July 2003
Single premium ppi added £710.55
total amount of loan £8210.55
total monthly instalments 63
62 payments of £160
final payment of £60.52
The interest rate on the loan was 7.66% APR 7.9%
Can anyone give me an estimated figure of redress please?
Many thanks
Loan of £7500 taken out on 23rd July 2003
Single premium ppi added £710.55
total amount of loan £8210.55
total monthly instalments 63
62 payments of £160
final payment of £60.52
The interest rate on the loan was 7.66% APR 7.9%
Can anyone give me an estimated figure of redress please?
Many thanks
0
Comments
-
If you paid this loan to term end, you get the whole PPI back plus the 8%.
If you settled early they give you the whole PPI back less the rebate for early settlement plus the 8%.0
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