Hello all.
I have had a car loan with TSB for the last 21 months, The loan is for 36 months and i have roughly 3800 left on it. If i was to pay off 3000 by sending a cheque how would the rest of the payment work out ?
What i mean is
A. would monthly payments stay the same only the finish date is brought forward.
or
B. Would the monthly payments lessen and continue for the next 15 months ?
I rang TSB to enquire today but offices are closed.
Pablo74
P.S I don't have the full amount to pay off the total.
I have had a car loan with TSB for the last 21 months, The loan is for 36 months and i have roughly 3800 left on it. If i was to pay off 3000 by sending a cheque how would the rest of the payment work out ?
What i mean is
A. would monthly payments stay the same only the finish date is brought forward.
or
B. Would the monthly payments lessen and continue for the next 15 months ?
I rang TSB to enquire today but offices are closed.
Pablo74
P.S I don't have the full amount to pay off the total.