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How much interest will I save if I make a full prepayment?
If you make a full prepayment of your loan, you will save on the interest charged for all instalments beyond the upcoming instalment (in which your loan is to be prepaid).
For example, for a loan with 4 instalments left, once you have made a full prepayment during the upcoming instalment payment, you will not be any charged interest for the final 3 instalments which have been prepaid.
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