Repaying Career Development Loan - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Repaying Career Development Loan

£0.00 @
Hi there, A couple of years ago I took out a Career Development Loan of £1140 at 9.9% interest, today I have £750 left to pay, but I want to pay this off in full. In the T&C it says for early settlem… Read More
krato Avatar
7y, 10m agoPosted 7 years, 10 months ago
Hi there,
A couple of years ago I took out a Career Development Loan of £1140 at 9.9% interest, today I have £750 left to pay, but I want to pay this off in full. In the T&C it says for early settlements:

An early settlement fee equal to one additional months interest calculated on the balance outstanding will be payable.

This goes straight over my head, please could someone explain it to me?

Thanks =]
Tags:
krato Avatar
7y, 10m agoPosted 7 years, 10 months ago
Options

All Comments

(3) Jump to unreadPost a comment
Comments/page:
#1
So it would be £750 + one months interest on that amount that you would have to pay...i think
#2
it means that you pay an extra month but i would look into it further
#3
I don't understand whether that's £75 or £6.25... sounds confusing to me! Shall give them a call tomorrow =]

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!