Thinking about paying off your loan? You can do so anytime, and we’re here to help by providing a payout figure that includes:
- Any accrued interest
- Applicable fees, such as early termination fees.
Simply contact us and we’ll provide you the payout figure. We can also arrange for a payout letter to be sent to your LatitudeMoney Servicing Portal.
To make the process smooth, please have the following details ready:
✔ Your loan account number.
✔ The date you plan to pay off the loan.
✔ Your preferred payment method.
✔ If a payout letter is required for a bank or financial institution.
Key details to keep in mind
- Your payout figure may change if there are any pending transactions, charges, or if interest rates change after we provide the figure.
- If the full payment isn’t received by the date specified in the payout letter, the amount required may change. You’ll need to request an updated payout figure in this case.
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Early Termination Fees:
- Variable personal and car loans: No early termination fees.
- Fixed personal loans: A $500 early termination fee applies if you pay off the loan up until the last three months of the loan term.
- Fixed car loans: A $750 early termination fee applies if you pay off the loan up until the last three months of the loan term.
- Loans close to maturity: No early termination fees if your loan has less than three months remaining on the loan.