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Early settlement fee?

by ian4326 on 1st March 2011

Question:

are there penalties if a loan is paid off in full early?. are loan repayments to be paid monthly?

Answer:

by Candice Gallab answered on 8th March 2011

All lenders have a different policy on whether they charge you to pay your loan off early. Some are happy to let you pay off your loan in full when you like but others will charge you a fee to settle your loan early.

If you'd like to find out whether a particular lender charges a fee for paying off your loan early you can visit our 'loans' page and browse the lenders.  To go there now, click: Loans.



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