I used to have a loan....

I paid it off last week- hurrah! My question is: am I owed the interest from the loan as I paid it off 2 years early? Is it compounded or accrued daily? Or does it vary from loan to loan/bank to bank and I have to call tehm?

Thanks

no you are probably not owed anything and if you read the small print of your loan agreement, the bank might even be entitled to an early repayment charge!!!!!!!

it is quite possible you are due some interest back.
this happened with my friend who cleared a loan a bank loan early (Car loan), she got a few bob back.

AFAIK you would only be due a refund if you had taken out Payment Protection.

Int accrues on a daily basis so paying it off early means you'll have saved yourself the next two years interest. You may have to pay a penalty if the loan was a fixed interest one. I must admit I've seldom seen this applied & anyway the saving of the 2yrs Int would more than compensate.
Well done ! It's a nice feeling to be debt free.