loan help

ebay*merchant

I am looking for a £10,000 loan but it seems the cheapest lenders don’t allow you to make over payments or pay off the loan before the agreed time, can someone please help me (I have tried money supermarket)?


I want the loan paid off ASAP without being tied down to fixed payments every month.

Loan amount: £10,000 over a 6 month period; I am 22 years old, a full time student, good credit history & a homeowner.

Thank you in advance.

queen_of_leon

i believe egg allow u to overpay without penalty? (check it out first tho...i'm not 100% )
and did u mean 60 month??...if not...u must be loaded!! lol
: )

_Andy_

Yep Egg will let you overpay and no ERCs but the tradeoff will be not the best rate on the market.

queen_of_leon

_Andy_ wrote: »

Yep Egg will let you overpay and no ERCs but the tradeoff will be not the best rate on the market.

...please explain 'tradeoff' (soz but i'm not the brightest!!)

ebay*merchant

# 2 & 3 thank you for your quick reply; I have just looked up Egg & you are both right Egg has no early redemption charge but you are correct in saying the tradeoff will mean not having the best rate.

Egg is the only lender who will lend £10,000 over a 6 month period with no ERC so I will give them a call.

Thank you both for your quick response.

_Andy_

queen_of_leon wrote: »

...please explain 'tradeoff' (soz but i'm not the brightest!!)

What I meant was the Egg loan has the benefit of flexibility. The downside of that is the interest rate is higher than a standard personal loan rate.

queen_of_leon

_Andy_ wrote: »

What I meant was the Egg loan has the benefit of flexibility. The downside of that is the interest rate is higher than a standard personal loan rate.

ok...get ya.
cheers for that