NatWest personal loan question.

Kay.Samuels

I have a NatWest personal loan (I bank with them too). It's at £7-8K remaining balance currently. 

I have some disposable money left each month and I'm wondering if I should over pay my loan a little each month so it finishes earlier? Or is it better to save up and then make one final payment as soon as I can? 

Are there any downsides to either of these options? It's the only debt I have so it's not urgent to pay it off quicker but I'm assuming I'll pay less interest overall if I pay it off quicker. I could be wrong though! 

MorningcoffeeIV

The lower the balance, the less interest you pay, so you should overpay when you can 

But this assumes the interest rate is higher than your savings.

th081

Does the NatWest loan allow you to overpay bits. I know you can pay it all off early but from what I remember if my last one there was not an option to make extra paymentd

cymruchris

What's the interest rate on the loan?