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Loan Account in B365

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  • 20-07-2018 1:28pm
    #1
    Creative83
    Closed Accounts Posts: 353 ✭✭


    Hi,

    I have added my term loan account to B365 and I appear to be able to transfer money into it from my current account.

    Does this mean I can clear the loan earlier by transferring funds myself?

    Is there a penalty for early payment?

    Thanks


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  • Options
    #2
    Bank of Ireland: Tara
    Closed Accounts Posts: 2,346 ✭✭✭Bank of Ireland: Tara


    Hi Creative83,

    Thanks for your question. There's no penalty to pay off a variable rate loan earlier than the original term. If you need to check whether the loan is fixed or variable, you can do this through the Ask a Question option in the Service Desk on 365 Online.

    Thanks
    Tara


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