Has anyone come across this before? Have a loan with 10 payments left of €976 per month - just got a settlement figure of €10,415 for it. The bank said it is due to the loan being a variable loan and the shortfall is the difference in interest from April 06 to date.
Now I need to check my paperwork - but nearly positive it was a fixed loan - and surely if it was a variable then the payments would have been variable.
Looks like it makes more sense just to keep paying off the loan, rather than settle it early.
Now I need to check my paperwork - but nearly positive it was a fixed loan - and surely if it was a variable then the payments would have been variable.
Looks like it makes more sense just to keep paying off the loan, rather than settle it early.