[MrsWood2022]

Hey all

I'm hoping someone can help.

I'm making additional payments to my loan (when I can) small but chipping away at it.

Can I get a revised payment schedule/amounts.

Since my loan will be ending earlier then it should have done originally with my additional payments so I can keep an eye on it

Any advice appreciated.

[RobbieT]

Hi @MrsWood2022, thanks for getting in touch. When you make an overpayment it goes towards reducing the length of time you are borrowing for (unless you’ve asked us otherwise). This means there’s less interest to be charged, which means you could save money overall.

The amount you could save is unique to your loan and will vary depending on how many payments you have left. We'll send you a letter within seven working days of making your payment, letting you know about any interest you've saved, your new balance and the term remaining. I hope this helps!