Hi looking at taking out a monzo loan for a used car purchase. I can see that there is an option to make additional loan payments at any time, and this will in turn reduce the amount of future monthly payments. Does doing this reduce the total amount of interest that I will pay on the loan?

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Monzo loan early repayment

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Revels 7 August 2023 21:08 2

Yes.

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Monzo loan early repayment

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