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Tesco

Buzzard1985
Buzzard1985 Posts: 200 Forumite
Tenth Anniversary 100 Posts Name Dropper Combo Breaker
edited 27 January 2021 am31 3:41AM in Loans
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.
Annual rate of interest (nominal)
5.7462%

£303.92 payment due 25 February 2021

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.


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