Hi guys,
In the next couple weeks i may need to apply for a loan of approx €5,000. My current account is with AIB and i was going to stick with AIB for the loan.
I also have online banking set up with AIB which i use on a regular basis. My query is with the loan would it possible to pay amounts into it online to keep reducing the balance outside ofthe normal repayments.
Lets just say the balance was €4,600 DR and i won €200 in a draw. Could i pay that into the loan a/c and bring the balance to €4,400. Would there be penaltys for this?
I'd like to tap away at it and try get the balance cleared before the full duaration if possible.