What happens if you pay off an installment loan early?
Question options:
You'll incur a prepayment fee.
The full interest will be charged regardless of when you pay off the loan.
The interest will be adjusted accordingly.
The interest will be doubled.
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Home » Business » What happens if you pay off an installment loan early? Question options: You'll incur a prepayment fee. The full interest will be charged regardless of when you pay off the loan. The interest will be adjusted accordingly.