Can the loan be paid off early?
Of course! You can pay your loan off early without any penalty for doing so.
We calculate interest daily, so if you clear your loan early, you only have to pay interest for the time that you've had it.
If you normally pay your loan by direct debit, your monthly payment will be taken as normal each month, even if you’ve made an early payment. If you want to stop this, then you'll need to amend the direct debit with your bank, or call us on 01202 629 161 (9am-7pm Mon-Thurs; 9am-6pm Fri; 9am-1pm Sat) as soon as you're aware.
Representative 49.9% APR (variable)