Can Loans Be Paid Off Early?
Loans can be paid off early if the full settlement balance, share amount and fees are all covered. You can make additional ‘one off’ payments to your loan to help pay off your loan sooner, but if you wish to pay off your loan in full, then you will need to pay a small additional early repayment fee.
The early repayment fee on loans is $35 for secured loans and $25 for unsecured loans.
To do this, simply talk to our friendly team to obtain your final loan settlement figure. We can then transfer this for you from your savings account to your loan account. Alternatively, you can transfer this final loan repayment from your preferred bank.
For more information, you can talk to our Contact Centre on 0800 636 696, or if you are interested in getting a loan, you can apply online below.