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Flexible loans - do they exist?
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Hi all, hope you're having a good day.
I might be after a flexible loan, i.e. one where I can make overpayments with no penalty - a bit like a credit card but without the high interest. I recall the Co-Op did them many years ago, but I can't find what I want. Any suggestions?
I might be after a flexible loan, i.e. one where I can make overpayments with no penalty - a bit like a credit card but without the high interest. I recall the Co-Op did them many years ago, but I can't find what I want. Any suggestions?
Now a gainfully employed bassist again - WooHoo!
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1 Overdraft
2 Credit card
3 Personal loan.0 -
If it’s for a small (up to £5000) amount and it’s to buy something in a shop (for example) then a cheap (preferably 0%) credit card is best. If you need money in your bank account then a money transfer card would be best. As for a flexible loan, don’t think they exist, or if they do will probably have sky high interest.0
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I think with many loans you can make overpayments on top of your regular payments, I certainly can with my Nationwide loanRobM99 said:Hi all, hope you're having a good day.
I might be after a flexible loan, i.e. one where I can make overpayments with no penalty - a bit like a credit card but without the high interest. I recall the Co-Op did them many years ago, but I can't find what I want. Any suggestions?
https://www.nationwide.co.uk/support/support-articles/how-to/overpay-your-loan
"We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0 -
You could ask some lenders the question but yes some will let you overpay.0
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