Is early repayment of the Murabaha loan possible? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

Is early repayment of the Murabaha loan possible?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

It's possible depending on the product and contract, but don't assume that all profits for the remaining term are automatically forfeited.

Request the early repayment amount in writing and understand the discount/waiver, fees, and guarantee release.

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.

Source

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.