70% of past borrowers surveyed by RFI in this survey had paid out their personal loans early. Not only did the majority of borrowers repay their loans early, but this was generally done well within the original term of the loan.
This report attempts to compile data and information on the extent and characteristics of early repayment, to discover the underlying factors motivating early repayment and to uncover options available to financial institutions in reaction to early repayment of personal loans.
