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variable rate loan question

[Deleted User] · 2009-06-06 18:18:59

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?

06-06-2009 6:18pm

#1

[Deleted User]
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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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Comments

#2 06-06-2009 7:22pm

Trampas

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Talk to your bank as nobody on here will know

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#3 07-06-2009 12:58am

Toots

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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 07-06-2009 8:57am

[Deleted User]
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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 07-06-2009 10:17am

BuffyBot

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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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