Insights
Longer reads
An offer may put insurance or another service beside the loan itself. A bundle should not obscure which elements are optional and how each is funded.
Early repayment savings depend on a dated calculation
The effect of settlement depends on the agreement's treatment of interest and applicable charges.
Extra money and a shorter term are different account events
Receiving an overpayment does not necessarily implement the schedule change a borrower imagines.
An early-exit calculation is not always ordinary amortization
Some teaching schedules assume a standard method that may not match a product's settlement rules.
Early repayment terms
Check identity through an independent source
Compare the dated schedule with genuine resources and essential outgoings. Request clarification of an unusual first or final payment before treating it as an ordinary instalment.