Can I make overpayments or repay the loan in full early?
14 January 2025
Yes. You can make overpayments and repay early at any time. Contact the lender to increase the monthly payments or make one-off lump sum repayments. You will pay interest on any overpayments for up to two months after the overpayments has been made.
You can settle the loan in full at any time but you will be charged up to two months interest on the early repayment. For further details you should read the loan terms and conditions or speak to the lender.
Loans and Hire agreements
Section 2: Loan customers only
When do repayments commence?
The first payment will be notified in the welcome letter which you will receive from the lender once the loan agreement ...
Loans and Hire agreements
Section 2: Loan customers only
How do I request the current balance of my loan at any time?
The lender will send you an Annual Statement on the first anniversary of the agreement start date and annually thereafte...
Loans and Hire agreements
Section 2: Loan customers only
What happens if I miss a payment?
If you don’t make the monthly repayments on time your credit rating and your ability to access credit in future may be...