In most cases -Yes providing that there are no pre-payment penalties You can usually save some money on interest by doing this
It's the amount you need to pay to close your loan, usually before the term of the loan is complete.
If you mean "pay off" it is better to do it before the lien is up. You pay less interest.
if the loan is through the bank then have the person who is buying pay off the rest of the loan.
Your auto loan may be closed because you have fully paid off the loan amount, or because the loan term has ended.
You should pay off your default loan before because you may not qualify for a mortgage loan because you already owe money.
Prepayment refers to paying off a loan before the scheduled due date. It impacts the loan agreement by potentially reducing the total interest paid and shortening the loan term. However, some loan agreements may have prepayment penalties or fees.
A payday loan is a short-term loan with high-interest rates, and it is advised that you look for any other way of scraping together cash before resorting to these types of loans. If you do need to get a payday loan, be sure to pay it off as soon as possible.
Depends on the terms of the loan. Most will let you pay the principal off early, some will not. Read the loan agreement. Look for the term "prepayment".
upon paying off an existing loan how long before you may take out new loan
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
In general, the loan term for trucks has to be paid off within 5 years. However, financing companies may adjust it based on your requirements.
Demand Loan Loan with no specific maturity date, but payable at any time. Only interest is paid until the principal is paid off, or until the lender demands repayment of principal. The borrower may, however, pay off the loan early, without incurring a prepayment penalty. If the funds are advanced to a broker, it is referred to as a call loan. Term Loan A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate. Term loans almost always mature between one and 10 years.