Is there a prepayment penalty if I pay off my loan early?

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Last Updated: June 30, 2022

No, we don't have prepayment penalties on any of our loans. We encourage our customers to minimize the total cost of their loan by making extra payments.

This means that if you choose a repayment term of 10 years and you want to pay your loan back in full in 5 years, you won't be charged a fee for paying early.  

 

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