HSBC loan overpayment

mc2705

I took out an HSBC loan a couple of years ago and remember them telling me that I could overpay if I wanted to, they also recently refunded some interest to me as per the other thread I have seen on here.

I have been busy the last year or so paying down what I owe on credit cards/overdrafts and am now almost in the position to start tackling my final debt the HSBC loan. As it stands I will not pay it off until August 2018, but I have worked out that if I continue paying out what I have been paying on credit cards, I should be able to pay off HSBC by Aug 2016.

How do I go about making the overpayments? On my online banking I can see the loan and it has an account number and sort code. Is it simply a case of making a payment or setting up a standard order to those account details? Do I have to check with HSBC every time I want to make an overpayment, or can I just make a payment off of the loan whenever I am able to?

I should probably ring them up and ask but thought I would check on here to see if anybody knew!

Thanks

lee111s

Can't comment about HSBC but I'm with First Direct and in my payments sections of my online account there is a "pay" button next to the personal loan, I can click on it and enter in how much I'd like to pay.

To be sure though you're best off calling up and having a chat with HSBC

mc2705

Thanks Lee.