Ending the Agreement

A secured loan agreement can be settled at any time by the customer by paying the outstanding balance to the lender. How this is dealt with by the lender (for example, if there are any charges or any rebate) will depend on:

a) the nature of the security;

b) the terms of the agreement and;

c) whether the agreement is regulated or not.

The agreement ends when all the contractual payments have been made.