What is Free early repayment?

A loan often runs to a fixed end date, and paying it off sooner can feel like breaking the deal. Free early repayment means the lender lets you clear the balance early and keeps nothing back for the inconvenience, so the interest you save is money you actually keep. Some lenders instead charge a fee, so this is worth checking before you sign.

The providers here all allow it. 1822direkt, ABA Bank, ACB Grenada Bank and Accessifi each state that you can repay early without a charge. That makes overpayments available to you, which is useful if your income goes up or you want to clear a balance before moving house. It also means an early repayment saves interest rather than costing extra.