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Loan/Overdraft advice.
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Whatisitliketobeabat?
Posts: 3 Newbie
in Loans
Hi all, I am after some advice.
I currently have a graduate overdraft with TSB of which I am £1400 into. It has two years left of being 0% interest.
I also have a graduate loan of £2000 @11% apr with 28 months left of repayments at £82 a month.
I'm going to come into some money and can afford to probably pay all of my overdraft off or most of my loan, and I am wondering which I am better off doing?
I currently have a graduate overdraft with TSB of which I am £1400 into. It has two years left of being 0% interest.
I also have a graduate loan of £2000 @11% apr with 28 months left of repayments at £82 a month.
I'm going to come into some money and can afford to probably pay all of my overdraft off or most of my loan, and I am wondering which I am better off doing?
0
Comments
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Pay the loan off as you will not get anything like the interest charged on savings accounts. Leave the overdraft for now as it is not costing you anything - put enough to pay it off just before they start to charge you interest.0
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