I have taken a loan out myself. I can now pay it off in full if I wish to. I don't believe there is an early payout penalty because nothing is mentioned in the contract. But I would suggest that you ask them for an itemised account of any balance they give you. If not, and you are not happy, go to the Ombudsman and keep writing about it in forums like this one. I made double the payments required from the time I started the loan and this month, due to the due-date being on a Sunday, I didn't get the payment in on time. LOMBARD are now going to charge me a penalty. I've lodged this with the Ombudsman. Will keep you folks informed.
Meanwhile spread the word of any morally wrong practices. We can take them down if we persist.
Don replied on Apr 05, 2016