At PatientFi, we want to provide flexible and convenient financing options for our customers. One common question we receive is whether there are penalties for paying off your loan early.
Do Pre-Payment Penalties Apply?
No, PatientFi does not charge any pre-payment penalties. You are free to pay off your loan balance early at any time without incurring additional fees.
Benefits of Paying Off Your Loan Early
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Save on Interest
- By paying off your loan early, you can reduce the total interest you pay over the life of the loan.
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Increase Financial Flexibility
- Once your loan is paid in full, you free up funds for other financial goals or expenses.
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Boost Your Credit Profile
- Successfully paying off a loan early can positively impact your credit profile by demonstrating responsible financial management.
How to Make an Early Payment
You can make additional payments or pay off your loan in full using the following methods:
- Online: Log in to your PatientFi Payment Portal to make a one-time payment.
- By Phone: Call our Payment Department at (877) 312-3625 to make an early payment over the phone.
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By Mail: Send a physical check to:
P.O. Box 845073
Dallas, TX 75284-5073
FAQs
If I pay off my loan early, will my monthly payment decrease?
No, making an early or large payment will not reduce your monthly payment. Instead, it will shorten the overall length of your loan, allowing you to pay it off sooner.
Do I need to notify PatientFi if I want to pay off my loan early?
No notification is required. Simply make the payment online, over the phone, or by mail.
Will I still have access to my PatientFi account after paying off my loan?
Yes, you can continue to access your PatientFi account to review your payment history and other account details even after your loan is paid off.
Need Help?
If you have further questions or need assistance making an early payment, contact our Support Team at (866) 734-5979 or email support@patientfi.com.
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