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Sep 28, 2017 - 34 minute read

Benefits of paying off personal loan early

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REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.

Benefits of paying off personal loan early

You are encouraged to consult your states consumer information pages to learn more about the risks involved with cash advances. State laws and regulations may be applicable to your payday loan.

If you do not pay your loan according to its terms, your lender may: charge you late fees, send your account to a collection agency, report your information to a consumer reporting agency which may negatively affect your credit score, offer to renew, extend or refinance your loan, which may cause you to incur additional fees, charges and interest.

We are not a lender. Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan. Ask your lender for their current rates and charges and their policies for non-payment.

Benefits of paying off personal loan early

Dont miss out with help from Rapid Loans. Our quick and easy online loans application process ensures an efficient assessment and, if approved, youll get the money you need. Get ready to step behind the wheel with support from one of Australias leading car loans companies.

Click here for more. Alex, Sunshine West. I had a few unexpected bills to pay off and I needed a bit of extra cash fast. I couldnt believe how quick the whole process was with Rapid Loans from applying for some extra cash to actually getting it in my bank account.

Now I can pay off my unexpected bills in my own time, knowing exactly how much my repayments are.

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