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This means you ll need to continue to make regular payments on the loan rather than paying off the balance sooner but this will allow you to avoid the penalty fee.

Can i pay off a personal loan early. If you re ready to pay off your personal loan sooner you can take one of these approaches. First you could simply decide not to pay the loan off early. Refinance your personal loan.

Lastly before paying off your personal loan early you ll want to compare its interest rate to the ones you re paying on your other debts. Generally some other types of debt like credit card. Paying off a personal loan early can be a good choice if your personal finance is secure.

You can refinance your personal loan with your current lender. It takes discipline and hard work to pay off a debt early.

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