It depends on the terms of the loan. Some loans may allow you to skip payments if you’re ahead. Most I’ve seen don’t though. But either way, if you need $5000 cash right now because your significant other ran their car into someone’s living room and you need to pay bail and a lawyer, or the levees are collapsing and you have to split town, you can’t get the $5000 back from an early repaid loan.
It depends on the terms of the loan. Some loans may allow you to skip payments if you’re ahead. Most I’ve seen don’t though. But either way, if you need $5000 cash right now because your significant other ran their car into someone’s living room and you need to pay bail and a lawyer, or the levees are collapsing and you have to split town, you can’t get the $5000 back from an early repaid loan.