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Author Topic: Credit Repayment  (Read 2004 times)

DenisG

  • Former member
Credit Repayment
« on: June 09, 2009, 12:05:53 PM »
Hi guys,

another noob question: If I take on a loan and set the repayment period etc., is there a chance afterwards to repay the total loan earlier or would I have to stay with the repayment period? Thanks.

Denis

dG Airlines

Offline Sami

  • Administrator
  • Members
  • Posts: 14535
    • AirwaySim - Are you the next Richard Branson?
Re: Credit Repayment
« Reply #1 on: June 09, 2009, 12:51:18 PM »
Yes you can pay it back whenever you want, total sum at once.

Offline Sigma

  • Members
  • Posts: 1920
Re: Credit Repayment
« Reply #2 on: June 09, 2009, 12:51:26 PM »
You can repay early if you want.  There's a penalty for early payoff of 5% of the remaining principal.  And you can only pay in a single large payoff.  You can't pay extra towards the principal every few months or something.  It's an all or nothing deal.

DenisG

  • Former member
Re: Credit Repayment
« Reply #3 on: June 09, 2009, 12:55:59 PM »
Great, thanks for your quick reply!

Denis

 

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