Woman shopping online with digital tablet and credit card

Loan repayments made easy

Your time is valuable, which is why we want to ensure that managing your loan account is easy and convenient.

We are flexible in allowing our customers to make their scheduled monthly repayments in practically any way they choose – so long as you make your repayment on time, in full, how you do so is up to you. A majority of our customers choose to make their payments automatically by direct debit or standing order, although it is not uncommon for customers to make manual payments by telephone. You can also make payments online via our online Loan Manager

Once you have registered online, you can log-in and use our online Loan Manager morning, day, or night – 24/7. What’s more, you can make scheduled monthly payments flexibly whilst you are at home, at work, or even on the move via your smartphone.

Making over-payments

If your financial situation changes over time and you find that you have more money available each month, you can use the extra cash to pay off your loan faster by making additional over-payments to your loan account.

Credit card

Paying extra in this way will shorten the length of your loan, and therefore the total amount to be repaid – this is because interest is only paid on the remaining balance of a loan, which means that paying off your guarantor loan early will cut the amount of interest to be paid. There is even the option to settle your loan balance in full, should you find one day that you have the money available to do so, although in such instances we will usually apply a charge equivalent to 2 months interest on your loan.

If you wish to make loan over payments, you can do so by making additional payments through our online Loan Manager or over the telephone.