Flexible loan - where to start?

odb_2

Hi all,
Sorry bit of a basic one but I'm not at all experienced with loans.  Long-story-short is in the next 6 months or so I intend to take a loan out to cover the final 30% of a car.
I did this 5 years ago for my last car and went with a flexi loan, i.e something that was easy to afford and I could pay alot extra on the months I had more spare cash, so ended up paying it off alot faster and without any penalty etc.  I cannot remember for the life of me where I got the loan from though.
Where is the best place to look for flexi loans with good rates, that have no penalty etc?
Financially my credit rating should be good and the loan I'm not pushing myself financially on the loan etc so I should have no problems being accepted.  Any help would be greatly appreciated.

[Deleted User]

Not sure what the features of this Flexi loan were, but you can pay off all loans with a maximum of two months interest.

Lenders will assess you on your credit files, so check those if you're not sure what they show (the data, not the scores) and try an eligibility checker first.

enthusiasticsaver

I would just go for the loan with the lowest interest rate and the ability to overpay without penalty.  As said above often lenders will allow you to settle loans early with the 2 months interest penalty but I would suggest overpayments first  so the balance is as low as  possible making the two month interest a negligible figure.  

odb_2

Thanks for the replies

What I meant is the loan I had before you had a min payment per month but could send additional payments anytime you wanted.
I think I took it out over 4 years and paid it down in 2 and a bit etc.  But it was nice as I could just overpay as and when, rather than saving and clearing it at the end or having to keep changing the payment (via the phone perhaps).
It was done online via a portal and really easy to manage and see how it was tracking etc.

DrEskimo

You can do that with any loan.