Can I pay off a revolving loan early without penalties?

In many cases, yes, you can pay off a revolving loan early without penalties. Revolving loans, like credit cards or lines of credit, often do not have prepayment penalties, allowing borrowers to repay the outstanding balance at any time without incurring additional fees. However, it’s essential to review the terms and conditions of your specific loan agreement to ensure there are no penalties for early repayment.