1. You can ask for short term like 3 ~ 4 years repayment. Depend on your financial ability

2. Yes. You can do early settlement or final settlement. You need to talk to bank directly. You can nego with bank for your final payment/settlement. Remember....AKPK nego for lower int rate only and also slash your late charges/finance charges..bla..bla.....and propose new starting balance or outstanding amount. Bank still charge interest but should be lower than normal interest charges.
e.g 18% to 9% or 8%

This post has been edited by raifalove: Jun 23 2010, 07:11 PM