How do I know which Early Repayment Adjustment (ERA) calculation method applies to my loan?

Last Updated: 15 Apr 2016

Generally loans documented before 1 April 2015 use the Credit Contracts and Consumer Finance Act (CCCFA) Method and loans documented from 1 April 2015 use the Wholesale Rate Method. If you are unsure, please refer to your loan Terms & Conditions or speak with a lending specialist on 0800 100 600.

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