Can you pay off a Blue cube Loan before the full term

amok

Registered User
Messages
35
Hi
i have been approved for a blue cube loan - can I pay it off after a few months without penalties, and would I have to pay all the repayments or only those due up to the time I pay it off plus the principal amount left. It is over 60 mths -
I was thinking of taking it out and then getting a cheaper loan in a few months to clear it.
regards
amok
 
Hmm - you are banking on the fact that you can get a cheaper loan in a few months time? Why can't you get the cheaper loan now? Why wait?
On the question, have you checked the terms and conditions? If it is a fixed rate loan chances are there will be a penalty.