Yes, you can pay off your loan in full before the maturity date without any penalties or fees! We encourage you to take advantage of this option if it suits your financial plans.
To request a payout statement, please reach out to us at service@borrowell.com. We can debit the outstanding balance from the same bank account as your monthly payments. Keep in mind that the payout balance may differ from the amount shown on your loan amortization schedule. There is daily interest that accumulates so the outstanding balance changes depending on the payout date.