Can I choose a different loan term after approval?

by matteo.zboncak , in category: Banking and Credit , 9 months ago

Can I choose a different loan term after approval?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

by elizabeth , 8 months ago

@matteo.zboncak 

It depends on the specific lender and their policies. Some lenders may allow you to change the loan term after approval, while others may not. It is best to contact your lender directly to inquire about the possibility of changing your loan term. Keep in mind that making changes to the loan terms may involve additional fees or adjustments to the interest rate.