Loan Prepayment Fee Calculator
Estimate the fee for paying off a loan early using the standard formula: amount × rate × remaining/total term. Everything runs in your browser. Check your loan contract for exact terms.
Enter the amount and terms
FAQ
What are typical fee rates?
Korean mortgages typically run 1.2–1.4%, credit loans 0.6–0.8%, varying by product. Many were lowered to cost-based rates from 2025—check your contract.
When is the fee waived?
Usually after 3 years from origination. Many banks also waive fees on prepayments up to 10% of the balance per year.
Is prepaying always worth it?
Only if the interest saved exceeds the fee—roughly compare amount × annual rate × remaining years against the fee.
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