We understand there can be unexpected life changes which can make it difficult for you to repay your loan. If you have been impacted by the increasing cost of living and/or facing financial difficulties, one of the options available to you is a short term reduced payment plan. If you need to make reduced payments for 1 - 3 months, you might be able to arrange this through your Lendable account.
Log in to your Lendable account.
Go to the ‘Overview’ tab
Select ‘Setup arrangement plan’ and tell us what you can afford to pay.
A reduced payment plan may extend the term of your loan and may result in additional interest being charged
Please note that any solutions we put in place may impact your credit file.
You are able to make additional payments to your loan at any point in the future. This may reduce the interest you pay over time and shorten your loan term.
Before making any extra payments to your loan, please think carefully about whether this is affordable.