It can be a really good idea to pay loans back early if you can. It should mean that you save money as you will not be having to pay interest on it for as long. However, there can be fees associated with paying a loan back early and these can be more than you will save in paying it back. It is worth doing some calculations or even considering this before you take out the loan. Banks are getting more flexible about this but it is best to check as some do not even allow it as an option.