Do you need a loan? In this case, you can easily take it today in a bank branch or on-line. The availability of bank and non-bank loans is very easy. We repay them most often by transfers.
However, can we return it at no extra cost when paying off the loan?
Sometimes, due to the cash inflow, we are able to pay off our debt ahead of time. This is a good solution, because then we get rid of one problem – repaying the debt that is on us. Refunds may apply to both cash loans for smaller amounts, as well as those for larger amounts, for example housing loans.
When can you return the money ahead of time?
In principle, for most cash loans, both banking and non-bank loans, we are able to return the money ahead of time without incurring any additional costs.
However, the case is different in the case of housing loans and other loans and borrowings, which amount to quite a few dozen or several hundred thousand zlotys. Then the bank or loan company may request an additional amount for early repayment. Usually there is a deadline for charging the fee. After crossing it, we can give a loan or a loan without costs.
This is mainly due to the fact that early repayment means lower profits for the bank – we do not pay such high costs as at the full time, so the bank does not want to lose on this transaction.
We can find information on whether and how we can repay the loan ahead of time in our loan agreement, which is why you should read it.
How to return a loan ahead of time?
If it is possible to return the loan ahead of time, in this case we can simply do as it is indicated in the contract. It is worth pointing out that the return of the loan can be considered in two ways.
First of all, we have the option of returning the loan similarly to other products, which we can also return in the store. Then we talk about withdrawal from the loan agreement. We have the right to do so for a period of 14 days. Then we fill in the appropriate document, which can also be found in the loan documents and forwarded to the lender. Of course, we must also give back the money received. The lender may retain part of the funds corresponding to the duration of the loan .
The second option is to return the whole loan that we already pay back.
When we have cash to repay, we simply give back everything we have to pay back during the set period. In the case of on-line loans, we can do it via the internet. If the contract does not find records of exactly how to give funds, it is best to call the hotline. It is worth remembering that in the case of some banks and loan companies, when paying the loan ahead of time, we may be reimbursed for unused time.
Therefore, the return of the loan is usually no problem – we can do it quickly, conveniently and often on-line. If we have more cash, it is worth paying back and have a loan!