While we do not have any late fees or prepayment penalties, we do offer our members the option to customize their loans by offering loans without an origination fee or the option to pay a one-time fee for an even lower interest rate.
Note: Any additional payments will be paid first toward the accrued interest, then toward the principal balance on your account. You’re only responsible for the interest on the principal balance on the time that you have it. If you pay it off earlier, you have less interest charged.