🟢 When Is My First Installment Due—and How Is It Determined?
Your first payment — comprising the first installment and origination fee — is due immediately upon confirming your rent split. This initial payment activates your loan and enables Livble to pay your full rent to your landlord upfront. The amount is determined by our system and is the only payment option we can provide.
📘 Detailed Explanation
💲 Immediate Payment Upon Splitting
Once you select “Split My Rent,” Livble pays your full rent amount to your landlord immediately.
Your first installment and origination fee are debited from your connected bank account at this time.
This payment cannot be delayed or rescheduled, as it activates your loan and ensures your rent is paid on time.
🧮 How Is the First Installment Amount Determined?
The amount of your first installment is calculated automatically by Livble’s system based on several factors, including:
Your rent amount
Financial situation
Repayment and payment history
Timing of your split-rent request
Livble reassesses your eligibility each month, so installment amounts may vary month to month depending on your updated financial profile.
The initial first installment amount displayed when you begin the process is only an estimate.
The exact amount is finalized once you complete underwriting and your plan is approved.
🔒 This amount is determined by Livble’s system and cannot be changed or adjusted. It is required to activate your loan and process your rent payment.
📅 Understanding the Rent Window
Livble’s Rent Window usually opens between the 20th and 25th of the previous month, and closes on the 10th (or the business day prior) of the following month.
For example: April 22 to May 10 would be the Rent Window for May’s rent.
You can sign up any time, but to split rent for the current month, you must:
Complete your application
Pass underwriting
Confirm your split within the Rent Window
Your first installment is always due immediately when you confirm the split — regardless of when you do it within the Rent Window.
❗ Important to Know
Once your rent is split, your first installment and origination fee are debited immediately.
This payment activates your loan, allowing Livble to send your full rent to your landlord.
The first installment amount is system-determined and cannot be changed.
You can edit future unpaid installments (not the first) after confirming your split if eligible.
✅ Best Practices
Split early — we recommend splitting before the 5th to align with your financial schedule and avoid increased origination fees.
Ensure sufficient funds are available in your bank account when confirming the split.
If you have questions about your payment or need help, reach out to Livble Support.