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What happens if I want to close my loan early?

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TitleWhat happens if I want to close my loan early?
Answer

You can get a quote to close your loan at any point. All you need to do is log in and click on Manage and then Close my loan. You’ll be given a quote which is your latest balance, plus any daily interest due to be applied. There are no fees to close your loan early and closing your loan early will reduce the interest you pay. We’ll show you how much interest you’ll save online. Your quote is valid for 30 days.

If you decide to cancel your loan within 14 days, starting the day after you have signed the agreement, you can withdraw from your agreement online, by selecting Manage and Close my loan. You'll then need to click Withdraw from my agreement.  If you do this you're obliged to settle your loan balance within 30 days, from the day after you give us notice. If you don't settle, you're liable for the full balance of your loan, plus interest. This can't be reversed. You can log in here.

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