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Early Loan Repayment
The terms of your loan will be outlined in the credit agreement you sign at the time you
first apply. This agreement will make it clear if any extra charges (early redemption penalties)
will be levied were you to repay your debt earlier than the end of the original loan period
(known as the redemption date).
If you are considering the early repayment of the loan, i.e. before its redemption date,
it would be wise to contact the lender to discuss the matter so you are fully aware of the
implications of your decision.
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