You can repay your loan balance early. To check how much it will cost, log in to your Lendable account. In the ‘Overview’ section, select 'Request a settlement quote'. The quote will include:
the remaining balance on the amount you borrowed;
the loan fee;
any interest that has accrued up until the settlement quote date and;
up to 28 days of additional interest if your original loan term was less than 12 months; or
up to 58 days of additional interest if your original loan term was longer than 12 months.
We're entitled to this additional interest under the Consumer Credit (Early Settlement) Regulations 2004. When you request a settlement quote you'll be able to see how much you are saving compared to continuing to make your monthly repayments.