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Not sure if this has been mentioned as I haven't read all the replies, however if it's a loan where you can overpay on occasion do this is 2 chunks.

Eg if the loan is £4500, then pay off £4000, then in a couple of months, pay off the remainder.

They then only charge interest on what is owing on the final amount.


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Ahhh thats a good idea if thats how it works cheers Jason ill give them a ring monday see what they say about how the interest works when paying off nice one ta
 
Best to ask the experts on this matter:- Money Saving Expert: Credit Cards, Shopping, Bank Charges, Cheap Flights and more

Use their forum to get advice but I guess they will tell you that it will save you a whole lot more money if you pay the settlement figure now regardless of the £100 sign up bonus + interest on that savings account. Your APR % on the loan will be 2-5 times higher than the savings account APR %.
 

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