duckerDavies 0 Posted January 31, 2008 Share Posted January 31, 2008 I want to take out a loan for 3k but i wish to take one out where if i happen to get spare money i can put in meaning the time frame will go down.However i went to see hsbc today and they told me i couldn't do this with a "Personal loan" So was wordering has anyone got a loan where you can do this and who are you with? Link to comment Share on other sites More sharing options...
Craig 6682 Posted January 31, 2008 Share Posted January 31, 2008 Should be able to 'over-pay' on most loans, but it won't mean the timeframe would decrease per se. What they tend to do is re-finance the loan over the existing period and could be something you could end up being charged a fee for. What I'd do is if you do have any extra capital in a particular month, lob it in a high interest account so it makes money for you and then when the amount in the there is equal to or greater than your settlement figure(*) pay the remainder of the loan off... (*) remember that your settlement figure will be less than the outstanding amount as the outstanding amount will have been calculated with interest for the remainder of the loan agreement. Also you will have to request a settlement amount. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted January 31, 2008 Share Posted January 31, 2008 Or put your money away until you have 3K then buy what you're after. Link to comment Share on other sites More sharing options...
RlCO 0 Posted January 31, 2008 Share Posted January 31, 2008 Breaking news:money lenders will resist all attempts to reduce their profits Link to comment Share on other sites More sharing options...
Smooth Operator 10 Posted January 31, 2008 Share Posted January 31, 2008 You can I think with some deals pay the outstanding balance off in full, a small fee may be involved. So you could save your extra £'s up and pay whatever balance if there hen you've saved a bit. Don't know why I'm trying to help you like, you're a complete cunt!! Link to comment Share on other sites More sharing options...
Guest alex Posted February 1, 2008 Share Posted February 1, 2008 I want to take out a loan for 3k but i wish to take one out where if i happen to get spare money i can put in meaning the time frame will go down.However i went to see hsbc today and they told me i couldn't do this with a "Personal loan" So was wordering has anyone got a loan where you can do this and who are you with? Have you tried Bermondsey Dave? © The Viz Link to comment Share on other sites More sharing options...
sweetleftpeg 0 Posted February 1, 2008 Share Posted February 1, 2008 There's a bloke round mine who'll lend you £3k, and he won't penalise you for early payments. Late payments however, can be dangerous... Link to comment Share on other sites More sharing options...
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