asked about General

almost 2 years ago

Can i get better auto loan rates if I pay earlier?

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Royson Koh

You can manage to save more if you settle your loans earlier as there will be less interest rates incurred overtime. The extent of what you can save depends on your inital amount you loaned, as well as the interest rate.

You can refer to this article for more information!

https://www.motorist.sg/article/1298/things-you-need-to-know-when-settling-your-car-loan-early

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almost 2 years ago