Anyone know how accurate this is? http://www.financecalcs.co.uk/Calcs/Settlement.php

I put some figures in and it comes out about £300 less than the cost of the full loan if I settle early, does that sound right?

Sounds about right, nearly all loans have the interest paid off first and very very little of the balance is paid off until the very end.

Then with early settlement fees and things added on the final amount is very often almost the same as the amount borrowed in the first place, Ive been stung by this a few times.

There was a good guide on MSE showing some loans that dont have high early settlement fees

At ZOPA there are no early resettlement fees. ;-)

Cool, I just checked the paperwork and it gives figures for 1/4, 1/2 and 3/4 way through the loan.