At Kravings, we make your loan experience secure and straightforward. One question we often hear is whether you can change the bank account where your loan funds are deposited after the loan is accepted.

Between you accepting your loan and it being disbursed, you cannot change the account the funds are sent to. It's therefore really important to think about the account you choose for your Direct Debit, as this will always be the account we send your loan funds to. You can change the Direct Debit account or date later, after your first payment.

Here’s why we have this policy and how it benefits you:

For your protection, we only send loan funds to the same account that’s used for your Direct Debit repayments. This ensures that your loan money goes directly to an account that’s verified as yours, which helps prevent fraud and keeps your funds secure. Once you choose this account, it can’t be changed, making sure only you have control over where the loan is deposited.

Having both your loan deposit and repayment come from the same account makes it simpler to track your loan. You’ll see everything in one place, which means it’s easy to follow your loan progress, view your payments, and manage your finances.

By linking your loan to an already verified account, we can process and send your funds faster, often within a few days. Since we’re sending the funds to an account we’ve already verified, there’s no need for extra checks. Changing accounts after approval would add delays, so we stick to disbursing only to the original linked account.

Linking the disbursement and repayment accounts also ensures your loan is handled securely and in line with all regulatory standards. This helps us maintain clear records and provide the safest, most transparent service for you.

When you apply, make sure the account you choose for repayments is the one you’d like to receive your loan in as well. This way, everything is ready and all transactions are easily trackable.

If you later need to change the account for Direct Debit repayments, please contact our customer support team. We can help update the repayment account if needed, but the original disbursement account will stay the same.

At Kravings, linking your disbursement and repayment accounts allows us to provide a secure, easy-to-manage loan experience for you. If you have any further questions, please reach out to our support team – we’re here to help every step of the way.