Your personal loan is a debt obligation that requires you to repay full principal and accrued interest in 36 or 60 monthly installments. (depending on the loan term you select). You may also prepay your loan at any time without penalty. 

For unsecured personal loans, failing to meet your monthly payment obligation may result in negative credit reporting and may impact your credit score.

For auto-secured personal loans, failing to meet your monthly payment obligation may result in negative credit reporting and possible repossession of your vehicle.