Hi,
My partner needs to apply for a personal loan and we are wondering what is the difference between fixed and variable rates when it comes to paying off the loan early? More specifically, I know most fixed rate loans charge a penalty for early repayment, is this the case with variable loans also?
Also, has anyone any ideas about Rabo's credit account? Would this be more suitable (i.e. could he avoid penalties for early repayment etc ?). Loan will be approx 13K over 3 yrs (but hopefully cleared before then!).
Thanks