Borrowers face early-repayment charges on 1 / 2 of all signature loans
Paying down a loan prior to when anticipated can carry a weight that is huge your arms – however the most of providers will hit you having a hefty cost for clearing your financial troubles prior to the agreed timeframe.
Which? Review has unearthed that 59% of signature loans now available come with early-repayment fees (ERCs), a charge used in the event that you pay back your financial situation prior to the end of the deal.
We expose the loan providers striking clients using this cost and how to locate that loan without ERCs if you like the choice to cover down your financial troubles sooner penalty-free. […]