Consumers will find this next personal loans tip very interesting. Although it may seem like a good idea to try and pay off you loan early, it might not be the best course of action.
Paying off your personal loan early could trigger an early payment charge from the lender. You will need to work out with the early payment charge is less the saving you would make if you did intend to pay off the loan in full.
Consider your options before making any early payment to pay off your loan.
Bank of Scotland loans may offer consumers a cheap rate of interest for an unsecured personal loan.
If you would like more loans tips and information about how to save money when applying for loans, then you should go to our loans tips section or our loans guide section. Compare personal loans when visiting our comparison tables for the latest loans deals.