Paying off a personal loan early is possible — and often a smart financial move. When you pay off a personal loan early, you save money on interest and lighten your monthly budget ahead of schedule.

Paying off your car early can potentially save money.

According to LendingTree, Americans owe $257 billion in personal loan debt as of the second quarter of 2025. And while paying off a personal loan can sometimes feel like it’s going to take forever, it ...

Paying off your auto loan early isn’t just a smart financial move—it can save you thousands in interest and help you gain financial freedom faster. By using simple but effective strategies, you can ...

You want to get to debt-free status as soon as possible, and all that’s standing in your way is a $5,000 loan with a 2.5% interest rate. Paying it off and freeing up those monthly interest payments ...

Build positive equity in your car by using strategies such as making extra payments and refinancing your auto loan Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer ...

A loan is a loan is a loan. They all involve borrowing money with the expectation of repayment. So almost every source will list the best way to pay off any loan, even when it’s providing answers on ...

Using a personal loan to pay off student loans might seem like a viable option for reducing interest rates or consolidating debt. However, there are several factors to consider before proceeding with ...

Weigh the pros and cons of paying off your auto loan early and consider your financial situation. Many, or all, of the products featured on this page are from our advertising partners who compensate ...