Can I pay back my loan early?
Of course you can, and it’s often best if you try and do so. Paying off a loan sooner rather than later should mean you pay less interest. The credit agreement may be clear about how any partial early payment will affect you remaining loan installments. If it doesn’t state anything then you can negotiate with the lender about whether you reduce the regular instalments or pay the rest of the amount owed over a shorter period of time. However as we said earlier, it’s best to check the terms and conditions of your loan as there may be a charge for paying it off quickly. If you find yourself in a position where you have the ability to pay off a loan sooner, and only needed the loan temporarily, then the pay monthly option may suit you better.
Before getting a loan, is there anything I should consider?
Before you decide on a loan that suits you best, make sure you’re in a position to comfortably pay it off. Pay monthly loans can make the process easier to manage, but you should always have money left over to spend on the things in life that matter.
Where can I find the best loan for me?
Because everybody has different circumstances, it can be hard battling your way through a market of loan companies to find the right one for you. This is where we come in. All you need to do is work out what amount of money you need to borrow and for the term you want to borrow it for. We will do all the leg work for you and compare the market to find you the best value loan. So get comparing and see how much you could save!