You can make extra payments to your loan at any time with no extra charges or penalties. Extra payments go directly toward reducing your total loan balance.
Things to keep in mind:
Your regular monthly repayment amount will stay the same.
Making extra payments may shorten your loan term and reduce the total interest you pay.
Please consider whether extra payments are affordable for you before proceeding.
You can’t make extra payments during the initial cancellation period.
How to Make an Extra Payment:
Log in to your Lendable account.
Go to the ‘Manage’ section and enter the extra amount you’d like to pay.
The one-time payment will be collected via Direct Debit from your registered bank account.
If you want to pay off your loan in full, select ‘Request a settlement quote’ in your account.