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Loan final payment question

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  • 11-01-2015 2:26am
    #1
    PizzamanIRL
    Registered Users Posts: 5,148 ✭✭✭


    I could wait to ask the bank on Monday but I'll ask here first to see if anyone knows.

    Got a 60 month loan 8/2/2010
    First payment was 18/2/2010. It comes out weekly.

    Will the last payment be the closest payment day to 18th of next month?

    I don't have the initial loan papers with the details?


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    #2
    TrishSimon
    Closed Accounts Posts: 206 ✭✭TrishSimon


    PizzamanIRL wrote: »
    I could wait to ask the bank on Monday but I'll ask here first to see if anyone knows.

    Got a 60 month loan 8/2/2010
    First payment was 18/2/2010. It comes out weekly.

    Will the last payment be the closest payment day to 18th of next month?

    I don't have the initial loan papers with the details?

    Do you not have a direct debit to pay the loan each month?
    Usually the last payment is slightly lower then the regular payments but you can just check that out with the bank but I would imagine if your payments always come out on the 18th if will be same for the last payment.


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    #3
    dobsdave
    Closed Accounts Posts: 1,814 ✭✭✭dobsdave


    PizzamanIRL wrote: »
    I could wait to ask the bank on Monday but I'll ask here first to see if anyone knows.

    Got a 60 month loan 8/2/2010
    First payment was 18/2/2010. It comes out weekly.

    Will the last payment be the closest payment day to 18th of next month?

    I don't have the initial loan papers with the details?


    I would think the last payment would be 11/02


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