Originally Posted by
britbronco22
Panny, I just got approved, however in the T&C's it says:
Early repayments
- You can repay your loan early at any time in full or in part.
- We may charge you up to 58 days’ interest on any partial or full settlement you make.
- If you make any additional payments these will be used to partially settle your loan and you must continue to make your normal monthly payments as they fall due. The number of your repayments and the amount of your final repayment may change.
I don't like the sound of that, did you clarify in what circumstances they 'may' charge you 2 months interest on the partial settlement?
Honestly, I didn't spot that, but when I was making my payment earlier I asked them to confirm again that the interest is charged daily and that my payment would reduce the amount I was paying interest on there and then.
I guess we'll find out in a month when they charge their first interest payment and take the instalment by direct debit.
Still 9,000 Avios for £50-60 is a pretty good deal anyway whichever way it turns out.