Do I still have to make a monthly repayment in the Loan Service when part of the borrowing amount (early repayment) has already been repaid in the same month?
Q
Do I still have to make a monthly repayment in the Loan Service when part of the borrowing amount (early repayment) has already been repaid in the same month?
A
Even if a partial repayment is made in the same month, the monthly repayment must still be made until the outstanding borrowing amount and the interest equals zero.