Repayment

How repayments work

Your agreement sets the amount, frequency, due dates, accepted payment methods, and rules for early or additional repayment.

01

Scheduled payments

Payments may be scheduled weekly, monthly, or on another agreed basis. Check that sufficient funds are available before each due date.

02

Payment allocation

Payments may be applied to charges, interest or financing cost, and principal in the order described by the agreement.

03

Early or additional repayment

Some facilities allow extra payments or early payoff. Request a current payoff figure and confirm whether conditions or charges apply before sending funds.

04

Lines of credit

For revolving facilities, available credit, draws, minimum payments, and reuse of repaid amounts depend on the facility terms and account status.

05

Statements and changes

Review statements and notices promptly. Contact support before changing a payment account or if a payment does not appear correctly.

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