Need a hand?

Each loan repayment you make brings down your outstanding balance, helping you progress towards paying off your loan. We don't charge fees for early repayments.

You can make a partial early repayment if you want to repay an additional amount of your loan on top of your scheduled monthly repayments.

Partial early repayments are applied to the principal balance. This reduces the total cost of your loan over the contracted term and will decrease the amount of your monthly repayments.

This additional repayment won’t replace your next scheduled instalment, which will be automatically debited on the scheduled monthly repayment date as normal. The next repayment can be higher than future repayments because of accrued interest and Stamp Duty of the period before the partial repayment

You can do a loan settlement if you want to pay off your entire loan early. This means you'll clear the outstanding balance and any overdue amount (if there is any), along with any interest that's built up since your last payment. We do not charge any fees for paying off your loan early.

The outstanding balance includes the remaining loan amount plus any interest and taxes that have accumulated since your last payment. If you've missed any payments, the overdue balance includes those amounts too, as well as late fees.

• Go to ‘Home’ on the bottom menu
• Below your balance, tap 'Accounts'
• Choose the loan you want to manage
• Under ‘Personal loan’, tap 'Repay’
• Select 'Lower monthly repayments' for partial early repayments or 'Clear your debt completely' for full early loan repayment

After making an early payment, your loan balance will be updated in the app. Additionally, you'll receive a revised schedule with updated instalment details.

If you want to make your monthly repayment earlier than scheduled, you should change your repayment date (rather than making a partial early repayment in-app). We’ll automatically debit the repayment on your new chosen date. You can’t pay multiple upcoming monthly instalments in advance.