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The time it takes to pay off your loan will be shorter if you make extra payments.

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AnswerBot

5mo ago

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Related Questions

How long will it take to pay off my loan with extra payments?

The time it takes to pay off your loan with extra payments depends on the amount of the extra payments and the interest rate of the loan. Generally, making extra payments can help you pay off your loan faster and save money on interest.


How long would it take to pay off a loan if the payment is 340 a month with 13 interest if you paid 380 extra a month with a pay off of 12000?

36 months


What are Home Depot 401k loan guidelines?

upon paying off an existing loan how long before you may take out new loan


How long does it take to receive a budgeting loan into your bank account?

I got my budget loan 10 days from when i sent my slip off


How long does it take to pay back student loans?

Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.


How long does it take a loan company to repossess your car after it charges off?

2-5 months


How long does a co signer stay on a student loan?

As long as the loan is in force (until the loan is paid off)


Can my cosigner take their name off the loan without my permission?

The only way to take a cosigner off of a loan is to refinance it.


In general are loan calculators accurate?

If you use a good loan calculator and input the correct values, it should give you a pretty accurate idea about how long it will take you to pay off your loan.


What happens if I pay an extra 1,000 a month on my mortgage?

Paying an extra 1,000 a month on your mortgage can help you pay off your loan faster and save money on interest in the long run. This extra payment reduces the principal amount owed, leading to a shorter loan term and less interest paid over time.


How can I take my name off a straw purchase on a car loan?

If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.


How long do you have to pay off a car loan?

When you took out the loan for the car the banking institution worked out how many months and for what amount the payment would be each month. If you have lost a job or are between jobs, were ill, were in an accident, then if you are honest you can talk to the bank manager and they will usually be quite willing to adjust your loan payments. The smaller the loan payment the longer it will take you to pay it off because of the interest applied on the outstanding loan. So, you could spend an extra couple of years paying this off. Banks don't want the vehicle, they want their money. Good luck Marcy