As part of the credit contract, LFS provides an Early Payment service to facilitate customers to arrange a flexible payment schedule. When using the Early Payment service, please note the following points:
1. The minimum Early Payment amount equals 2 (two) monthly ORIGINAL payments.
2. The early payment principal deduction date must be the next payment due date. Therefore, if an Early Payment is incurred between two Payment Scheduled periods, the early principal deduction date will be the next payment due date.
3. After deducting the principal, the monthly principal amount to be paid remains unchanged and the Contract Term will be shorter than the original term. LFS will send a new Payment Schedule to the Customer.
