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How much PPI will I get back?

How much PPI will I get back?

Banks and lenders often mis-sold Payment Protection Insurance (PPI) when customers took out credit with them. Credit was in the form of loans, mortgages and credit cards.

The payment protection insurance policy was designed to cover payments in the event of sickness, accident or redundancy, but was often added without the customer’s knowledge.

So, if you’ve found out that you’re eligible for a refund or compensation, you’re bound to wonder how much you are owed.

Unsurprisingly, every case is different and the final amount will depend on a number of different factors.

These factors include:

  • How much you paid towards the payment protection insurance policy
  • What the interest rate was on the financial agreement when you were sold PPI
  • How much you borrowed
  • How long you borrowed it for
  • The date the interest was added to the balance
  • The dates you made payments
  • Any missed payments

What next?

Use our Calculator to help estimate how much you could be owed and start the process for reclaiming PPI today.

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