Generally, there is a prepayment fee if you are paying your loan off before the first 90 days of your term has elapsed. If the 90 days have elapsed, there is no prepayment fee.
If you’re interested in paying your loan off early, you’ll need to connect with your Account Manager or reach out to our team at customerservice@sellersfi.com. Our system will calculate the payoff according to your agreement. Keep in mind that interest is only accrued until the day of your early payment and NOT for the originally selected term.
Are there any fees if I want to pay my loans off early? How does it work?
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