It would normally be you who had to take it to the FO, so chances are it is still somewhere in the bank as most banks have now got special areas to deal with these claims (im pretty sure).
I have had a quick look online and here are a couple of examples:
Example A
Loan amount: £12,000
PPI Premium: £3,800
Interest Rate: 8.8%APR
Loan term: 60 months
Number of monthly payments made: 60
PPI Interest paid to date: £910
This claim would typically result in a refund of £4,710+ 8% statutory interest of £1,005*
Total claim: £5,715
Example B
Loan amount: £28,000
PPI Premium: £5360
Interest Rate: 7.55%APR
Loan term: 180 months
Number of monthly payments made: 72
PPI Interest paid to date: £3588
This claim would typically result in a refund of £3,588 + 8% statutory interest of £946*+ the remaining PPI removed from the loan saving £5,382 in further payments.
Total claim:£9,916
* In some cases Statutory Interest may not be payable on your claim. These are very basic examples and there are many variables to take into account when assessing the amount of compensation due. Our PPI claims team is an expert at this and will ensure you get the correct compensation rightfully due to you.
So, by the looks of it, you get the PPI you paid, and also an 8% statutory interest per annum of whatever was also paid.
So make sure you fight for it.
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