A personal loan agreement can be settled at any time by the customer by paying the balance outstanding to the lender, although a fee may be charged for early settlement.
The lender may allow the customer a rebate of the interest remaining on the agreement. If the loan is regulated under CONC, the minimum amount of rebate is set out in the FCA's rules
The agreement ends when all the contracted repayments have been made to the finance company. The customer already has title to the vehicle.