How do you overpay a loan to avoid paying the early repayment charge?

IAMIAM

For example, Zopa loans let you overpay and it consistently recalculates the monthly payments over a 4 year term every time I suggest I am overpaying online to see the monthly figure change, but as soon as I request an early repayment figure, it auto includes 2 months interest on top....

Isthisforreal99

There will always be the 2 months interest (well 58 days). Trick normally is pay a lump sum under the settlement figure then the 58 days interest will be calculated on the amount still outstanding - all subject to the T&C's of the loan.

Nasqueron

Isthisforreal99 said:

There will always be the 2 months interest (well 58 days). Trick normally is pay a lump sum under the settlement figure then the 58 days interest will be calculated on the amount still outstanding - all subject to the T&C's of the loan.

I believe in the final year they can only add 1, but otherwise I agree

IAMIAM

Isthisforreal99 said:

There will always be the 2 months interest (well 58 days). Trick normally is pay a lump sum under the settlement figure then the 58 days interest will be calculated on the amount still outstanding - all subject to the T&C's of the loan.

I think this is exactly it