Personal loans · Going further · 4 of 5 · About 4 minutes

Paying off early, and fixed or variable rates

What extra repayments save, the fee some loans charge for paying early, and a rate that can move.

  1. 1Paying extra each month cuts the interest and the time.
  2. 2Some loans charge a fee for paying off early.
  3. 3A variable rate can rise or fall while you repay.
  4. One question