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Sainsburys settlement loan.
Hello all! I currently have a sainsburys loan I took out back in July 2019. It was for £3,000 and my interest was 10.9% apr. This was over a period of 3 years.
My monthly payments stand at £96.97 and I have made 18 payments to date so I’m exactly half way through with a remainder of £1598 left, if I was to request a early settlement figure and pay this off early given that they charge Upto 58 days interest how much would I roughly be looking to pay? My maths isn’t that great so any help would be appreciated! Thank you.
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Comments
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If you ask, you will be given a rebate on your outstanding balance. If this is favourable to you, you can decide to pay it off, or continue the term! The choice is yours!0
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Also, ask them if they will give you an additional discount for payment within 14 days. My father did that in July 2020 and they offered a small amount on top.0
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You can use this calculator to help you estimate it:
https://www.financecalcs.co.uk/calculators/settlement
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