You're welcome to settle of your Prodigy Finance loan earlier than expected, and you won't be charged any penalties for doing so.
To settle your loan, follow these simple steps:
- Let us know your intention to settle your loan and in what month. Please email this information to firstname.lastname@example.org.
- We'll provide you with a loan settlement amount/value that will be valid for the next 28 days. (The balance on your statement is not your settlement value, as it doesn't include the interest for the current cycle/month). Please remember that for the amount/value to remain valid, the funds also need to be received by Prodigy Finance within these 28 days.
- Once the funds are received, we will begin to close off your loan and send you a settlement confirmation letter to confirm that the loan is closed off with Prodigy Finance.
How long does it take to receive a settlement confirmation letter?
- You will receive your settlement confirmation around the 15th of the following month that your loan was settled.