Can I repay my business loan early or make lump sum payments on my business loan?

Last Updated: 13 Oct 2015

Yes you can. If you have a variable interest rate you can increase your payment amounts, make extra lump sum payments and even pay off the entire loan early anytime you want, all without any cost.

If you are on a fixed rate loan, you can repay the loan before the fixed interest period ends, however you may be liable for early repayment adjustment fees. 

Was this helpful?

Related Answers

Related topics