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What happens if a borrower decides to pay back earlier?

Updated over 3 months ago

Yes, early repayments can happen. Loan originators, underlying borrowers, and note issuers all have the option to make early repayments. A common reason for this is when a company refinances at a lower cost or adjusts its financing strategy based on business needs.

If a loan is repaid earlier than the scheduled date, we process an early repayment as soon as we receive the funds from the loan originator.

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