Yes. You can make a full prepayment or partial repayment, any time during your loan term.
Any prepayment you make will be deducted from your current payment schedule and excess payment will be applied to your last payment installments. The amount of your monthly installment will remain unchanged and the term of the loan may decrease depending on the overpayment amount.
pera247 Lending Corporation is a duly registered lending company under SEC (SEC Registration No.: CS201734339 with Certificate of Authority No.: 2582)
pera247 Lending Corporation adheres to the strictest of standards in responsible lending as governed by its board of directors, including compliance with: 1) registration and certification with the National Data Privacy Commission (No.: PIC-001-172-2019); 2) Truth-in-Lending Act; 3) Fair Collection Practices; 4) Anti-Money Laundering; and 5) membership in Fintech Protects Community of Practice by The Smart Campaign, an initiative of the Center for Financial Inclusion (CFI) at Accion.