business loan - wish to make early settlement

[100mel]

I have a secured business loan - balance o/s is 13K. Interest rate at 7.5% with 4 years remaining. I am now in a position to make an offer of settlement. Would this be something that the lender (building society) would be likely to accept? How should I go about it and what might be a reasonable discount

Grateful for some advice

[judgemental24]

Re: business loan - wish to make early settlement

The only settlement they would give will be an interest reduction wth and PPI etc as you are paying the loan off in a shorter term

Before you do anything phone the building society and ask them for a settlement figure

It is free and no issue for them and will be valid normally for 30 days