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Old 07-15-2008, 07:56 PM
Canadian Canadian is offline
Senior Member
Join Date: Jun 2008
Posts: 415

This will depend on many things, one of which is the type of loan you have. Some loan contracts will allow early pre-payment and some won't. For example if you have a mortgage, usually you have a clause in your mortgage contract defining penalties for early mortgage repayment.
Bear with me please
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