Redemption Interest

This is charged on the redemption of a loan by many institutions, often as a percentage of the amount being paid to redeem. Some lenders also charge part Redemption interest. Nearly all lenders waive Redemption interest if the borrower takes out a new loan with the same institution.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

We hope you found this information useful.

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