No, there are no pre-payment penalties. If you find yourself ahead of the game, you can make additional payments at your convenience with NO prepayment fees, and you may even save on the amount of interest you pay over the life of the loan if you pay it off sooner.
Keep in mind, paying ahead means you are paying in advance, so depending upon how much additional you pay, it may push your due date forward by however many monthly payments you cover. However, if you are on automatic payments, your payments will continue to be withdrawn each month.
If you’re ready to apply Click here to get started.
To learn more about how to Be Money Confident, join Best Egg Financial Health.