Is there a penalty for paying off my loan early?
Asked a year ago
No, there is no penalty for paying off your loan early with RAMS Home Loans. We understand that circumstances may change, and you may have the ability to repay your loan quicker than anticipated. We believe in offering flexibility and freedom to our customers, allowing them to save on interest costs by paying off their loan ahead of the agreed term. Whether you choose to make additional repayments or pay off your loan in full, there are no penalties or fees imposed. RAMS Home Loans encourages responsible borrowing and aims to provide a hassle-free experience for our customers throughout their loan journey.
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