Can I pay off my loan early?
Asked a year ago
Yes, borrowers have the option to pay off their loan early with Specialized Loan Servicing, LLC. If you choose to do so, you can accelerate the loan repayment process and potentially save on interest charges. SLS does not impose any prepayment penalties, allowing borrowers the flexibility to pay off their loans at any time. When making an early payment, it is crucial to clearly indicate that it is for an early payoff to ensure proper allocation of funds towards the principal balance. It is advisable to contact SLS beforehand to get the necessary information and instructions for an early loan payoff.
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