Early Repayment Charges

Paying off a loan early

Why make an early loan repayment?

If you find you have a bit more money in your account you might decide to repay your loan early. 

This could mean you end up paying back less in interest in the long term.

It's important to remember that you will be charged an early repayment fee of up to 58 days interest to close your loan early (or the remaining number of days interest if there are less than 58 days left in the loan term). This is in addition to your outstanding loan amount and any outstanding interest.

Early repayment charges

Our examples below are based on loan amounts borrowed over 5 years and on the basis the loan is re-paid in full half way through the term.

Ready to repay your loan?

  1. 01

    Simply click on the link below

  2. 02

    Fill out the short form with your details

  3. 03

    We'll be in touch within a few days with your final amount due as well as the next steps to making your final payment. You can select to receive this information by email, text or both. 

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