We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
0% Transfers on loans...
Comments
-
You would need a money transfer option for a loan, rather than a BT.0
-
You can use a card such as MBNA or Virgin to transfer cash to your bank account to which you can repay with0
-
Hello,
Please help.....
Is it possible to get a 0% balance transfer on a finance loan?
We are making the monthly payments but it is hardly making a dent! Does anybody have any suggestions that could help please?
Thank you in advance!!!
Andy
How much is the loan, monthly payments and interest rate?
You could just overpay the loan by roughly the payment what the credit card bill would be....
Example, £5000 money transfer amount, fee will be say 2%, monthly payment should be £5000 + fee divided by the length of the offer, say 18 months.
£5000 + £100 / 18 = £283.33 per month
ANYTHING less and you risk just parking the debt until the offer expires and be in a worse position that you started in, unless you intend on shuffling the £5000 debt for years.
Good lucks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards