Is there any way to make this loan cheaper?

Tranquil

Hello,

I have a loan with a remaining balance of £4382 with Admiral. I pay £269.65 per month, with the last payment scheduled on 01.07.2021. The interest rate is 3.4%.
I previously moved this loan from another bank with a much higher interest. However I am wondering now that the balance is lower (started at £10,000), if there is any way to pay this off in a cheaper way? i.e. a money transfer card or even another loan? Or if it's better to just stick with it another 1.5 years.
Any advice appreciated

JimmyTheWig

Tranquil wrote: »

Hello,

I have a loan with a remaining balance of £4382 with Admiral. I pay £269.65 per month, with the last payment scheduled on 01.07.2021. The interest rate is 3.4%.

I can't get those figures to tie up.

username901

MT cards fees are around 4%, if balance paid over 18 months then roughly equiv to 3% so saving 0.4% on your £4300 balance - enough for a chinese takeaway for one.

I wouldn't bother personally