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Tesco
Buzzard1985
Posts: 200 Forumite
Just transferred just over £4k to my loan-thus wiping it. The last payment meant to be Feb next year I think. Been putting extra towards it last year and they reduced it further with adjustments.
Your final payment date will be 25 July 2022
Was manic and took out loans- never missed a payment. So now just £7k at £120. a month- next at last to clear with First Direct
Will I be penalised for clearing Tesco so quickly with a huge chunk? Just dumped into it what the balance said. Saving me £350 a month from wage.
Annual rate of interest (nominal)
5.7462%
£303.92 payment due 25 February 2021
Was manic and took out loans- never missed a payment. So now just £7k at £120. a month- next at last to clear with First Direct
Will I be penalised for clearing Tesco so quickly with a huge chunk? Just dumped into it what the balance said. Saving me £350 a month from wage.
0
Comments
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You need to ask them how much to settle the loan, which will typically include 2 months interest.
Contact them to make sure the loan is properly settled and closed.
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My Tesco loan had unlimited no fee overpayments.
Im A Budding Neil Woodford.0
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