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loans with no early repayment
Need a loan for about £15000 want to take it over 7 yrs to keep monthly repayments lower just now.
However all being well i will be able to pay it off in about 6 months time.
So who does loans with no early repayment fees, I believe egg do but does anyone else?
Or are the likely early repayment fees on this loan not overly worth worrying about. I.e "your personal loan.co.uk" could do a loan at 6.9%apr with 1 months interest to pay for early repayment. what is 1 months interest on this amount?
Cheers for any help
However all being well i will be able to pay it off in about 6 months time.
So who does loans with no early repayment fees, I believe egg do but does anyone else?
Or are the likely early repayment fees on this loan not overly worth worrying about. I.e "your personal loan.co.uk" could do a loan at 6.9%apr with 1 months interest to pay for early repayment. what is 1 months interest on this amount?
Cheers for any help
if i had known then what i know now
0
Comments
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is more important to get a low APR loan rather than worry about early settlement figure
One month's interest is approximately
15,000 x 6.9% /12 = £860 -
even if the plan is to repay in 6 months time?if i had known then what i know now0
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frankly, if you are repaying in 6 months does £86 matter than much?
but a difference of 1% in the APR over 6 months will cost you
15,000 x 1% x 6/12 = £75
so depends upon your options0 -
in that case who is good at getting money to you quickly?if i had known then what i know now0
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