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personal loan repayments
This is probably a really dumb question but I've never even contemplated getting a personal loan before now so forgive me.......I'm thinking about getting a £7000 loan to help me get into this business venture, and was just looking online for a reasonable APR (northern rock was the best i found at 5.8% - if anyone knows a better one by all means tell me) and the monthly repayments obviously vary depending on how long you want to pay it off.........my question is if your financial circumstances change and you want to pay off a big chunk or even all of it are there any restrictions on over payments?.......I've been doing some research on mortgages and in some cases there are penalties on overpayments but I'm not sure if this is the same, can someone please enlighten me......