We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Halifax car loan
consumers_revenge
Posts: 3,553 Forumite
in Loans
Hi,
Does anyone know if you can make additional payment alongside the agreed monthly loan cost without any financial penalties?
I know you can settle early.
Thanks.
Does anyone know if you can make additional payment alongside the agreed monthly loan cost without any financial penalties?
I know you can settle early.
Thanks.
0
Comments
-
what type of contract is it? car finance, personal loan or pcp0
-
On a Halifax personal loan you can. I took a personal load and on the "what's it for" question I selected "Car" as there was no option for sex, drugs, lose women and gambling.It can be overpaid and states you will save interest payments if you do so.Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.2
-
martinbainbridge1975 said:what type of contract is it? car finance, personal loan or pcp0
-
will save interest and possibly reduce the loan term1
-
consumers_revenge said:Hi,
Does anyone know if you can make additional payment alongside the agreed monthly loan cost without any financial penalties?
I know you can settle early.
Thanks.
It saves hundreds/thousands in interest.0
Categories
- All Categories
- 347.1K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.7K Spending & Discounts
- 239.4K Work, Benefits & Business
- 615.2K Mortgages, Homes & Bills
- 175K Life & Family
- 252.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards