Will the interest be reduced if a customer decides to liquidate the loan?

Created by Chinwendu Nwazojie, Modified on Fri, 7 Feb at 2:51 PM by Chinwendu Nwazojie

In Vendhq, the interest charged on loans is typically calculated based on the principal amount. Therefore, if a customer decides to liquidate their loan before the end of the loan term, they will be required to pay both the full principal amount and the accrued interest up to that point. This means the total amount paid will include the original loan amount and the interest due, ensuring the loan is settled completely.

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