How to calculate ppi element

sun73

Are there any brilliant mathematicians out there who would know if there's a method of calculating how much ppi you paid on a loan if you do not have the credit agreement?


I know how much I borrowed, how long the loan and ppi had to run, how much I repaid monthly, the early settlement figure and the amount refunded in ppi interest. I think the APR was around 22%.


Is there a way of estimating the ppi amount or working out an approximate figure?


Thanks if anyone can help

amersall

You will get the whole PPI total and the interest on that, it will be reduced by the PPI settlement figure and you will get the 8% interest from loan start date to date of redress, this is on a decreasing scale, the nearer you get to the redress date the less the 8% is.

sun73

amersall wrote: »

You will get the whole PPI total and the interest on that, it will be reduced by the PPI settlement figure and you will get the 8% interest from loan start date to date of redress, this is on a decreasing scale, the nearer you get to the redress date the less the 8% is.

thanks, amersall, but I meant calculating the actual ppi amount in a loan if you no longer have the credit agreement, not the redress you might expect. Sorry, if I didn't explain it better.


I wondered if there was a method if establishing how much ppi you paid on a loan, if you know all the other figures e.g. amount borrowed, APR, monthly payments, settlement and ppi interest refund.


Does anyone know if you can work out the ppi element of a loan?