The easiest and quickest way to pay off your loan is with a direct debit.
You can choose to pay a set amount monthly, fortnightly or weekly via direct debit and on your due date your payment will happen automatically.
How do I set up a direct debit?
You will need to let us know the below details and we will arrange for funds to be debited from your nominated account and credited to your loan account.
Your details: fill in your personal details, such as email address, name, date of birth, address and mobile number, as well as details of your loan account, such as last four digits and type of loan - funds will be deposited into this account.
Payment frequency and amount: there are different options available, choose the one you prefer.
Details of account to be debited: the details should appear as they do on your nominated account statement. We can only accept bank account details that are in the sole name of the account holder or from a joint bank account which includes the name of the account holder.
That's it! This will complete the direct debit request and confirm your request ID.
- Receiving the email confirmation with your direct debit request ID does not mean that the request has been processed successfully as that depends on the details you submitted. If we require any further information, we will contact you using the contact details provided.
- Direct debit payments will be made irrespective of whether you make other payments to your loan account.