Sainsburys loan- how much paid off half way through?

A question about : Sainsburys loan- how much paid off half way through?

Anyone have a sainsburys loan know how much of the loan will be paid off half way through. I usually take out a 6 year car loan and repay after 3 years then start again as find that's cheaper than car finance options but maintains a deposit for next car as value remains higher than outstanding loan. Sainsburys couldn't answer this - just said they are front heavy ie you pay more interest at the start with fixed monthly payments. Ie half way through the amount paid off will be less than half. But how much?? Thanks

Best answers:

• you can use something like this site to model the loan
  https://www.theguardian.com/money/loa...interest-rates
• Ask Sainsburys for a settlement figure on month 36.
• it's about Ј46 remaining iirc
• Here are my spreadsheet calculations for my Sainsbury's loan. It's actually two thirds of a Ј7,500 loan which was taken out last September (my OH pays the other third).
  I've had a S'burys loan before and the calcs accorded exactly with my statement at the end so I can vouch for its accuracy.
  After six months' payments (i.e. half way through), the outstanding capital is Ј2527.95 from a starting point of Ј5000. I earn more in introductory and double points (and from interest earned on this amount kept in interest-earning current accounts) than is paid out on the loan.
  Hope this helps.
  Edit - sorry, copy and past didn't work. But the summary figures above should help anyway.
  MumOf2
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