Early loan repayment

Early repayment

You can find out the outstanding balance on your loan by calling our Customer Services Team for a settlement figure on:

  • If your loan starts with 7/-  08457 24 34 44 (lines open Monday to Friday 8am-8pm, Saturday 9am-6pm)
  • If your loan starts with 84-  08457 44 44 55 (lines open Monday to Friday 8am-10pm, Saturday 8:30am-6pm, Sunday 9:30am-5:30pm)

Alternatively, you can write to us at.

  • If your loan starts with 7/- Halifax Settlement Department, PO Box 548, Lovell Park, Leeds, LS1 1WU
  • If your loan starts with 84- Halifax Bank of Scotland, Charterhall Drive, Chester CH88 3AN

There is no charge for repaying your loan early, but you might have to pay up to 58 days' interest if you repay the loan early.  This is because the amount you agree to pay us includes interest to the end of the loan term.

When you make your loan payments you only pay a proportion of the interest owing.  The settlement figure is worked out with a refund of interest when repaying your loan early.

Can I over pay?

You can make lump sum payments towards your outstanding unsecured loan balance, but this will not change your monthly repayment amount , the interest rate or the total amount you have to repay, it just means you will repay your loan earlier.

If you want to make a lump sum payment, please send a cheque payable to 'Halifax' with your name and loan agreement number written on the back of the cheque to.

  • If your loan starts with 7/- Halifax Settlement Department, PO Box 548, Lovell Park, Leeds, LS1 1WU
  • If your loan starts with 84- Halifax Bank of Scotland, Charterhall Drive, Chester CH88 3AN

Finding out the amount left to pay on your secured loan (Further Advance)

If you're already registered for our online service, just add your mortgage on to My Accounts, and the balance will be shown on the Account Summary screen.

The figure shown is not the final outstanding balance - for an exact figure, call 08456 03 03 52 (lines open Monday to Friday 8am to 8pm, Saturday 9am to 4pm) and we'll send you one in the post.