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A settlement figure is the total amount required to pay your loan off in full on a specific date. The figure changes over time, so it is always quoted as valid up to a stated date.
Because interest accrues daily on the outstanding balance, the settlement amount falls the sooner you clear it. The figure we quote already reflects this, so you can see exactly what it costs to close the loan on the date you choose.
Request yours with the Request a Settlement Figure form. The figure shows any rebate of interest and any early-settlement charge — up to 28 days' interest, which we waive in many cases — so you see the exact cost before you confirm. For more, see paying your loan off early and early repayment and what you save.