How do I calculate the cost of early repayment? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How do I calculate the cost of early repayment?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

You will need the outstanding balance, any fees, and the terms of the financing agreement.

Steps

  1. Request a Settlement Figure with a specific date.

  2. An approximate account number is not a substitute for the bank account number.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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