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Natwest Personal Loan repayment

takemethere · 2013-11-01 08:11:48

Morning everyone, I'm a new poster hoping to gain some clarity on my Natwest Personal Loan, which Natwest have failed to provide. I took out a 12 month £1000 Personal Loan from Natwest at the end of August. I unexpectedly needed to relocate to London and didn't have any savings to cover the cost. I actually asked Natwest…

Comments

Southernman Posts: 605 Forumite

3 November 2013 at 2:26PM

jonesMUFCforever wrote: »

It is fairly straightforward to explain.
You are charged £17 this month as you have only taken the loan out. As you make more repayments the monthly interest will decrease until the last month it will be negligible.

You will end up paying what is quoted on your copy of the CCA agreement unless you repay early.

In simple terms this is the answer.

Ask for an amortisation table for your loan it should make sense then.

Mortgage 1: May 2012 £90,000 April 2020: £47,000
Mortgage 2: £270,000😱 Jan 2019 £253,000 April 2020
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