Best Personal Loans With No Early Repayment Fee | January 2021
Don't allow lenders to charge you extra for paying your loan early. Early repayment fees -- also known as prepayment penalties -- can get expensive if you try to pay off a loan before the term ends. This is our list of the best personal loans with no prepayment penalties.
Nobody likes to pay fees when borrowing money, but prepayment penalties are particularly annoying. Lenders that charge this penalty are effectively increasing your interest rate because you had the good sense of trying to get out of debt as soon as possible.
The good news is that many lenders don't charge a prepayment penalty. This is our list of the best personal loans with no prepayment penalties.