Yes.
Payments are automatically deducted from the borrower's account according to the agreed repayment schedule and loan terms. Once the loan is fully repaid or forgiven by the lender, these automatic debits will cease.
Zirtue will only make one attempt per period. If the borrower is late on a payment, the repayment grace period will be initiated. The borrower will have 10 business days to manually settle the repayment.
Once the loan is completely repaid or forgiven by the lender, automatic withdrawals will be discontinued.