No. If you pay off your loan sooner than the end of your loan term, you will not have to pay future interest. Interest accrues on a daily basis.
For e.g., if your loan term is 24 months and you pay off the loan in 6 months- you will only pay interest that has accrued during those 6 months.
We don't charge any prepayment penalty. So, you can pay off at any time with just one click.
Comments
0 comments
Please sign in to leave a comment.