May I repay my complimentary Loan early?

May I repay my complimentary Loan early?

You certain can, and also you defintely won’t be charged any penalty or charges for doing that. We encourage our clients to cover their loans back as quickly as they are able to!

What are the results if we skip a repayment?

In the very very very first dishonoured re re re payment, we are going to give you a text message alerting you to definitely a missed payment. In the event that you e mail us immediately and work out a handbook payment, you will not incur any standard costs.

By text message, phone, and email if you don’t reply to the text message, we’ll continue to try to contact you.

  • Day 1 – 2: give you a text message alerting one to a missed repayment asking you to definitely e mail us.
  • Day 3 – 4: Also make an effort to contact you by phone and e-mail.
  • Day 5: we are going to expand your loan contract for an extra pay duration.

Whenever we increase your loan term, you’ll want to spend the attention for the extra pay period/s. Take a good look at our expenses web web web page to know the costs, interest and prices for an expansion in addition to payment fee that is dishonoured.

What the results are if we stop payment of my free loan?

Our staff will try to contact you to definitely talk about your position and attempt to direct you towards any real method possible.

  • Week 1: make an effort to contact you by e-mail, phone, and text.
  • Week 2: make an effort to contact you during your contacts that are alternative work (if applicable).
  • 3: Field officer visit – sent to your home or place of work week.
  • 4 onwards: Continue to attempt contact until the loan reaches ‘under collection’ status week. This takes place when the interest and charges are add up to the loan value that is original. After the loan is put under collection, the debt is detailed by having a outside business collection agencies agency.

Express Loan FAQs

Then chances are you qualify if you can answer yes to all of these questions.

  • Would you make at the least $400 per week after income tax? (more…)