charges for paying off a (generally fixed interest) loan before the end of its term.
If you have a fixed rate loan contract and you wish to break the contract before the period expires, you may incur a break fee.
Additional fees and expenses incurred when a person pays off a loan ahead of schedule.
Penalties charged when a loan is paid off before the end of its term. Generally applies to fixed rate loans.
Penalty charges for ‘breaking’ or discontinuing the agreed fixed term of a loan.
Fees or penalties charged by a lender when a customer decides to end or "break" from a fixed interest rate before the end of the agreed fixed term.
costs incurred when a loan is paid off before the end of its term
See prepayment penalties.