Submitted by Horsemau5 t3_zzx8h3 in personalfinance
terabhaii t1_j2e3nur wrote
Hello. I don’t think there’s a rule that you must pay fees for early pay off, it’ll depend on your agreement with the lender. Does your loan agreement state any penalties or charges if the loan is paid off early?
Horsemau5 OP t1_j2e4fnx wrote
From what I can tell after reading over the agreement multiple times it doesn't state anything about penalties for early payoff. Though it also doesn't say anything about it which concerns me.
BetterFuture22 t1_j2em9yg wrote
If it's not in there, they can't charge you one
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