overpaying loan

bolder

hello, please help with my math, I have 4000 owed for 30 more months at 12.9 % ,my monthly is £167. what would happen ie how much would I save if i over pay 200 a month,
regards

Caz3121

there is a calculator here https://www.themoneycalculator.com/loans/calculators/loan-overpayment-calculator/#!/dealfinder/loans/

enjoyyourshoes

Check with loan company that you can overpay and there are no penalties for doing so, or early repayment charge if you pay before the term is up.

bolder

thanks that was what I was looking for, shame it doesn't show the affect of 1 off payments ie if I paid 1000 now

Caz3121

bolder wrote: »

thanks that was what I was looking for, shame it doesn't show the affect of 1 off payments ie if I paid 1000 now

that link was found with a simple google of "loan overpayment calculator" there are no doubt others that may cater for your question