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jevans11 | 17:06 Sat 03rd Feb 2007 | Personal Finance
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where can i get a loan that i can repay more than the monthly repayment without incurring charges
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With most loan companies thay require you to pay back a loan monthly, lets just say you take a loan out over 12 months for what ever amount, the loan company much prefers you to stick to that agreement and let it run its term ,yes this is in there interests because thay are charging you interest on that 12 months. however if you have got extra funds why not put this away untill say 8/9 months into your agreement and then ask them for a settlement figure, sometimes they will reduce the amount you owe but not allways, they are not obliged to .hope this helps

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