pay off a loan

'Liquidar un préstamo' in English refers to the action of paying off or settling a loan. It implies fully paying the debt, including any interest and fees that have been added to the initial amount borrowed. Once a loan is 'liquidated', you no longer have any financial obligation toward the loan. This term is commonly used in banking and finance.

Example sentences using: liquidar un préstamo

Estoy a punto de liquidar un préstamo que contraté hace dos años.

I am about to liquidate a loan I took out two years ago.

This sentence expresses the speaker's intention to pay off a loan they obtained two years prior.

Es importante liquidar un préstamo a tiempo para evitar intereses adicionales.

It is important to liquidate a loan on time to avoid extra interest.

This sentence highlights the necessity of repaying a loan punctually to prevent incurring further interest charges.

Después de liquidar un préstamo, me sentiré más aliviado financieramente.

After liquidating a loan, I will feel more financially relieved.

Here, the speaker conveys that settling a loan will provide them with a sense of financial relief.