what do you call it when someone pays back a loan quickly

A Sudden Debt Pay Off

pre-payment of loan

Old mcdonald farmm

A Student Debt Payoff

A sudden dept pay off

When someone pays back a loan quickly, it is commonly referred to as "paying off the loan early" or "repaying the loan in full before the scheduled term." This means that the borrower has fulfilled their financial obligation to the lender sooner than originally agreed upon.

To determine whether someone has paid back a loan quickly, you would typically need to know the original loan agreement, including the amount borrowed, the interest rate, the repayment schedule, and any additional terms and conditions. By comparing the actual repayment timeline with the agreed-upon schedule, you can assess whether the borrower has paid off the loan early or not.