Is there a penalty or fee for early payments or paying off balance early?
We never charge fees or penalties for making additional payments, which is why most of our borrowers end up paying off their loans well in advance. By paying early, you can significantly reduce the amount of interest you pay.
For an example of how much you can reduce your total cost by paying off early or making additional payments, visit loopfund.com/cost.
You can make additional payments on principal or payoff your balance in full (with no penalties or fees) anytime through your client portal at secure.loopfund.com/login.
By newloopfund|2020-10-08T15:57:06-05:00August 16, 2020|Making Payments|Comments Off on Is there a penalty or fee for early payments or paying off balance early?