Can I make additional payments towards my loan to pay it off faster?
Asked 2 years ago
Yes, customers of Chase Auto Finance can make additional payments toward their auto loans to pay them off faster. Making extra payments can help reduce the principal balance, which may decrease the amount of interest charged over the life of the loan. Chase Auto Finance generally allows these additional payments to be made without penalties, allowing you to manage your loan more effectively. It is advisable for borrowers to specify when they make extra payments whether they want those amounts applied to the current month's payment or directly to the principal. To find out more about making additional payments, users may want to visit the current web page where detailed payment instructions and account management options are available.
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