What Is a Personal Loan Prepayment Penalty and How Does It Work?
A personal loan prepayment penalty is a fee a lender may charge when you repay some or all of your loan earlier than the scheduled repayment date. While paying off a loan early can potentially reduce future interest costs, a prepayment penalty can reduce or even eliminate some of those savings. Not every personal loan
What Is a Personal Loan Prepayment Penalty and How Does It Work? Read More »









