Increase overdraft or pay off loan?
Hi everyone! A friend got a loan for £7500, if he increased his overdraft and paid off his loan would this be cheaper?
He banks with Natwest and got the loan from them to. He have about £500c in bank at the moment and a £2.5k overdraft limit. He doesnt' know if it would be cheaper for him to get a larger overdraft limit and always try and keep it in credit to pay off his loan with what he can?
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