ok so i'm really stuck and have got much less than even the offer they gave me! Can someone who has had experience with Lloyds PPI tell me, did Lloyds actually give PPI rebates when refinancing loans and if so where would i find this amount? Would it be on the loan account statement or do they pay it directly into the current account? Many Thanks!

Hi I've attached the statement. As you can see the closing amount is 2746.87, but the amount of this transferred to new loan is £2300, so i'm guessing the difference was a PPI rebate?

Also sorry one more thing! lol. How do i work out much interest i paid on the ppi part of the loan? Do i just multiply each interest payment by the PPI %?

i do have statements of the loan accounts, i posted the settlment figures given in my original post above. So for loan 1, the settlement figure shown on the loan statement was 2746.87. I understand what you said above, thanks for that. There's one more thing i'm confused about. If you look at loan 1 again, the settlement amount was £2746.87, but the repayment of existing debt on the new loan was only £2300, does that mean they gave a rebate of £446.87 of PPI when the loan was refinanced?

hi ims, thanks for the point in the right direction. I understand everything apart from this: When a loan is settled or consolidated into another loan, the loan account show a large amount being paid in, which is used to clear the balance. The problem is, I can't work out how much of this settlement/consolidation amount goes to the ppi balance because interest is being added every month, therefore making the total loan balance bigger even though payments were being made. I'm confused!!

Hi everyone I'm hoping someone can help me. I've received an offer for a PPI refund but i think it's too low but i don't know how to calculate myself. Can someone help me calculate from the below information please? I will be eternally grateful! All loans were charging interest every month on the full amount including ppi as it was front loaded. Even the thought the PPI was front-loaded on the loan account statements, the loan agreements still had the proportion of ppi of the monthly payment. The first loan was a consolidation of an overdraft + cash on top so there was no ppi on the overdraft and this is where the ppi starts: Loan 1: Taken 29/06/1998 Cash Advance- £1674.51 Repayment of existing debt- £625.49 PPI- £508.32 Total Loan- £2808.32 Monthly Payment- £70.40 (£12.74 of which is PPI) Number of payments made- 3 Settlement Amount/Consolidation payment-£2746.87 Interest rate- 18.8APR and 1.45 fixed Loan 2: Taken 19/10/1998 Cash Advance- £1700.00 Repayment of existing debt- £2300.00 PPI- £869.44 Total Loan- £4869.44 Monthly Payment- £117.69 (£21.01 of which is PPI) Number of payments made- 11 Settlement Amount/Consolidation payment-£4187.54 Interest rate- 16.9APR and 1.31 fixed Loan 3: Taken 12/07/1999 Cash Advance- £1800.00 Repayment of existing debt- £4000.00 PPI- £1205.24 Total Loan- £7005.24 Monthly Payment- £163.15 (£28.07 of which is PPI) Number of payments made- 13 Settlement Amount/Consolidation payment-£5913.87 Interest rate- 14.9APR and 1.17 fixed Loan 4: Taken 25/07/2000 Cash Advance- £2200.00 Repayment of existing debt- £6000.00 PPI- £1871.08 Total Loan- £10071.08 Monthly Payment- £229.56 (£42.65 of which is PPI) Number of payments made- 9 Settlement Amount/Consolidation payment-£9029.34 Interest rate- 13.8APR and 1.09 fixed Ok there was one last loan but i don't have the complete information for that. All the below figures are just me guessing from memory, not accurate at all. Loan 5: Taken 18/05/2001 Cash Advance- £2000.00 Repayment of existing debt- £9000.00 PPI- £2750.00 Total Loan- £13750.00 Monthly Payment- £309.32 (£70.00 of which is PPI) Number of payments made- i think probably about 15, then the loan was paid off completely Settlement Amount/Consolidation payment-not sure about this but the loan was paid off completely by me then closed Interest rate- also not sure about this but close to the above If someone could help I would be eternally grateful. Also it would be great if you could provide a breakdown of your calculations and the ppi calculation for each loan as separate. Thank you so much!!!!!!!!!!