You can repay your loan balance early by requesting a settlement.
How to request a settlement quote:
Log in to your Lendable account.
Go to the ‘Overview’ section and select ‘Request a settlement quote.’
Your quote will include:
The remaining balance on your loan
The loan fee
Any interest accrued up to the settlement quote date
Additional interest:
28 days’ interest if your contract is less than 12 months
58 days’ interest if your contract is longer than 12 months
(We’re entitled to charge this additional interest under the Consumer Credit (Early Settlement) Regulations 2004.)
Your settlement quote email will also let you know whether your next monthly repayment amount is included or excluded in your settlement figure.
When you request a settlement quote, you’ll see how much you can save compared to making your regular monthly repayments.