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variable rate loan question

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  • 06-06-2009 7:18pm
    #1
    [Deleted User]
    Posts: 17,378 ✭✭✭✭


    hey, so i have a variable rate loan that i have put extra money into a few times.. on my online banking i can transfer money back out of that loan, like an overdraft.


    is there a penalty for this or are the bank happy to keep charging interest if i go over the term of the loan?


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    #2
    Trampas
    Registered Users Posts: 7,651 ✭✭✭Trampas


    Talk to your bank as nobody on here will know


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    #3
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,919 Admin ✭✭✭✭✭Toots


    Trampas: helpful replies only please.

    OP, you probably won't be able to do this, but you should be able to if you go to your local branch.


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    #4
    [Deleted User]
    Posts: 17,378 ✭✭✭✭ [Deleted User]


    i already have done it tho.. tested it with 50euro and it's in back into my current account now. anyways, i guess i should ring up and check what the craic is with doing it..


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    #5
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Hmm, just be careful that the "available" balance doesn't reduce and you suddenly find that you've gone beyond the limit on the account..


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