What happens if I decide to repay early?
You'll be charged an early repayment fee if you ask to settle within the first three months of your loan. If you decide to settle your loan outside of this timeframe. You’ll not be charged. Please find some examples below:
Example 1 - You are settling your loan in full in the first month of your twelve-month Partner loan. You’ve paid your first loan repayment and are now fourteen days away from your second repayment and forty-four days away from your third repayment.
Because you are settling your loan within the first 3 months of your loan agreement, we will charge you the remaining interest you were going to be charged on your next two payments as your early repayment fee.
Example 2 - You are settling your 12-month Partner Loan in full in month six of your agreement. You are 14 days away from your seventh repayment date and have just notified us that you would like to settle your loan in full. Because you are outside of our three-month early repayment time period. We will give you the option to settle your loan in full immediately with no fees charged.
If you decide to settle immediately, we’ll only ask you to pay the interest you’ve incurred to date within the next working day, or on the day which you’ve stated you would like to settle your loan.
Do you still need an explanation? If so contact us at email@example.com now.