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Our online servicing gives our Egg Loan customers complete control, with all of these great features.
An Egg Loan lets you increase your payments at any time and as often as you want. This could reduce the amount of interest you pay, and mean that your loan term is reduced.
As an Egg Loan customer, you can view your settlement figure online at any time. So if your financial circumstances change, and you wanted to pay your Egg Loan off early, it's flexible enough to let you do this - and with no penalty or charge.
If you choose to pay your loan off early, you can do it by organising a BACS or CHAPS (electronic transfer) payment with your external bank, increasing your Direct Debit, or by sending us a cheque - the choice is yours.
Make additional payments with no charge - with your Egg Loan, you can save interest by paying off lump sums whenever you can afford it.
Pay anything from just £1 to the whole outstanding balance, meaning that any extra you pay can reduce the term of your loan.
You can check out how an additional payment would reduce the term of your loan by using our handy online calculator. You can do this by logging in to 'your accounts' and selecting 'view' next to your Egg Loan balance - you'll then need to select 'additional payment' from the menu on the left of the page, followed by 'online calculator'.
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