6 ms·
In the US some can have prepayment penalties, but it's not common. All the loans I've ever been presented (car, house, etc...) were simple interest loans. I wou
by matwood 4y ago
In the US some can have prepayment penalties, but it's not common. All the loans I've ever been presented (car, house, etc...) were simple interest loans. I would never sign one that was anything other than simple interest.