Before you pay out your loan early you must receive a payout quote. This will confirm for you the final amount you need to pay in order to close your loan.
In most cases users can view their payout quote directly in their dashboard. If we are unable to display your payout quote in your dashboard, you will be given instructions to contact us to request your payout quote.
It should be noted that your final payout quote is not the same as your loan balance. This is because you accrue interest on your outstanding principal each day, which is then applied to your loan balance monthly.
There are no fees for closing out your loan early. The formula for your payout quote is simply:
Loan balance + Interest accrued = Payout quote
Login to your dashboard to view your payout quote.