Can We Pay Education Loan At Once? | GyanDhan
The term "lump sum repayment" refers to the process of loan settlement completely in one go, rather than through regular monthly payments. This option can be feasible for borrowers who have accumulated a huge amount of savings or have recently received a large sum of money. However, students often face the question, can we pay off an education loan all at once? The short answer is that most lenders allow borrowers to pay off their loans in full with a single payment, which can save you a huge chunk on interest.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/668