Secured Loans

Generally there is no any obligation of paying the secured loan in the pre-estimated time.The creditor is entitled to pay off his all his burden before the maturity time for saving his interest of loan there onwards. But, if there the terms and conditions that the two parties namely, the creditor and debtor(s) had laid during the time of contract regarding the pre or post payments then the stated condition is applied. Sometimes if there is written that only in the stated time the loan is to be paid and creditor have the required amount with him then after paying some of the penalties he can be burden free . Also, if there is neogation between the two parties then they can follow any of the way they meet with the combine efforts.