Is there a prepayment penalty if I pay off my loan early?

Asked 3 months ago
Currency Capital does provide various financing options, and whether or not there is a prepayment penalty on a loan can depend on the specific terms of the agreement made at the time of borrowing. Some lenders include prepayment penalties to protect their expected interest income, while others do not. It is important for borrowers to carefully read the loan agreement to understand the terms and conditions, including any penalties associated with early repayment. If there are specific concerns or questions about prepayment penalties related to a loan obtained through Currency Capital, it might be beneficial to review the terms outlined in the agreement or consult the currencycapital.com website for additional details. This will help ensure you have the most accurate and relevant information regarding your loan.
Jeff Whelpley is the editor / author responsible for this content.
Answered Aug 23, 2025

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