Final Loan Payment

[milly143]

Of an initial £5000.00 loan, I now have just £170.38 outstanding (woohoo!!!). My monthly payment is £147.58, of which around £12 gets deducted to pay for PPI. My next payment is due on 1st Nov so am I wondering if they will just take the whole £170 or if they will take the normal amount and then take the remainder on 1st Dec. All my paperwork is burried at the back of the garage. What is most likely?

[woofgang]

phone and ask!

[jackles]

THEY WILL TAKE THE NORMAL AMOUNT IN NOV.

[jules77]

You need to check your Loan agreement, or contact them if you cant find. If for example you took out a loan over 3 years, it may say 35 payments of £xx, with a final payment of £xx.