Early Repayment Figure

supernothing

Hi,

I have tried to contact Virgn Loans (MBNA) for a settlement figure on my loan but they closed at 5pm. I'm wondering if thier is anyone that can help me out with a cost.

amount borrowed: £16,000
APR: 19.9%
monthly amount payable: £385.02
period of loan: 72 months - Loan taken out on March 07, Payment free till July 07

number of payments made: 10 x £385.02

On £1,000 1/4 term £915.11
1/2 term £686.66
3/4 term £381.97

I'm wondering if it's worth moving the loan to a cheaper APR but that would depend on the settlement figure.

I'm sure when we took the loan out the guy we spoke to told us there was no repyment charge but i have nothing in writing to say this. I have tried to work out a cost and i think it would be around £1,600.

Can anyone help?


Thanks

CLAPTON

why speculate when you can know
wait until you get a settlement figure and then repost

dannynixon

Ring them back today at 9am and get a settlement figure. There is no need for advice until you have this figure