### Loan prepayment

At any given moment, a person wants to pay the loan outstanding. The most common
reasons are: the lowest interest rates in other institutions, the reduction in payments due to the longer term, or
just the anticipation of payments to avoid interest.

To pay a loan outstanding is necessary to know precisely the current balance, which is obtained by applying a
discount rate plus the addition of contractual charges.

From the standpoint of the borrower, the minimum parameter for a good negotiation is a discount rate equal to or
greater than the interest rate on the original loan.

Calculate the **payments**
for the new loan agreement.

Enter the requested data. Use the point as decimal separator. Ex. For the number 22,152.47; enter 22152.47; the results will be displayed automatically after you
click **"Calculate".**

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