Early loan repayment/settlement

A

Audi_Driver

Registered User
Messages
56
Hello,

I have a small loan (approx €10K) with BOI which I intend to settle with/pay up early in one lump sum via internet banking - just wondering would it be worth giving BOI a call to see would they do a ‘deal’ for early repayment - possibly reduce a bit of the interest repayment ?
 
Interest is charged daily on the outstanding balance. So if you pay early, you only get charged interest upbto that day.
 
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