Northern Rock Unsecured Loan

Dan_Collins_2

The thing you have to watch with NR is that you can pay off what you like say take it down to £100, but if youpay that £100 off within the tie in period thay charge you the penalty on the original balance. It wont affect the unsecued, but I would check that they dont count it as its on account and apply this rule.

john_mac83

Ive looked at the contract for the unsecured loan and there doesnt appear to be a penalty for ealry repayment of this but thanks, i will definately check this.

john_mac83

I called NR up and i can make overpayments without any fees incurred. It automatically defaults to 50% off mortgage 50% off unsecured loan so if you want ot just pay off the unsecured loan with the overpayments then just ask and they will arrange it.