The loans are fixed rate and start at 5.9%, with terms of one to five years, with no prepayment penalties. You apply online.

该贷款为固定利率，最低利率为5.9%，贷款期限一至五年不等，并且没有提前还款罚金，可以在网上申请。

youdao

So, if you want to make these securities saleable in the secondary market, we are told, you have to have prepayment penalties.

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Probably not under current laws, which, while they to some degree limit fees and prepayment penalties to prevent gouging, don't impose any fiduciary obligation of the lender to the borrower.

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The agency might also outlaw prepayment penalties on mortgages.

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