Banky team Reviewed editorial answerComparing early redemption to a loan secured by a certificate of deposit hinges on two key figures: the loss from early redemption and the cost of the loan up to the expected repayment date.
Key points
If your need is temporary and you can repay the loan quickly, the loan might preserve the certificate but will add interest and a monthly obligation.
If the financing cost is significantly higher than the loss from early redemption, redemption might be more economical.
Calculate both scenarios in Egyptian pounds.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.