Are there prepayment penalties on personal loans?

Some personal loans have prepayment penalties, but it depends on the lender. Many personal loans don’t have any prepayment penalties, like Upstart, but there are some lenders that do charge a fee for paying off a loan early. If a personal loan has a prepayment penalty, it can be a percentage of the remaining balance, a certain number of months’ worth of interest, or a flat fee.