To give you maximum flexibility in managing your cash flow, you can repay early at no extra cost.
There are two ways to bring your repayment date forward on your dashboard:
to repay as quickly as possible → follow repay now
to bring the date forward, but not necessarily to today → follow bring repayment date forward
☝️ If the original direct debit is in progress, it is too late to change the date. Our banking partner requires 3 working days for any direct debit change.
Repay now
If you want to pay off your loan quickly:
From the table of loans, hover your mouse over the loan you wish to repay
Click on
Repay now
You can choose whether:
Defacto debits you on the earliest possible date (three days later)
We will cancel the original direct debit and create a new one for the date shown, normally within 3 working days.
you make a bank transfer to us today
We will cancel the original direct debit.
You can copy and paste our bank details to make your transfer before confirming. Make sure to use the transfer reference!
If the option is not displayed and you see "debit in progress", this means that the original direct debit is already working its magic. Please wait, repayment is imminent!
Bring repayment date forward
If you wish to bring forward the repayment date, but not necessarily to today:
Click on the loan you wish to repay in the dashboard
In the
Loan
tab, click onrepayment date
to choose the new repayment date and then just click onsave edits
at the top
The repayment is scheduled for the chosen date 🎉