Flexible ways to repay your loan
We offer several methods for repaying your loan, depending on the loan product:
-
Direct Debit: This standard repayment method is available for Personal Loans, Green Loans, and Loyalty Loans. Funds are automatically taken from your bank account on the agreed date.
-
Benefits: You can repay via benefits such as Child Benefit, Universal Credit, or Adult Disability Payment. This option is available for Personal Loans, Loyalty Loans, and Family Loans. The entire benefit amount is directed to us; we take the repayment amount and then send the remaining funds back to you on the same day.
-
Payroll Deduction: If employed by one of our select partners, you can choose payroll deduction. This method is available for Personal Loans, Green Loans, Loyalty Loans, and exclusively for the Christmas Payroll Loan. Your employer sends the repayment funds directly to us, and we deposit them into your account once received.
In terms of repayment duration, this may vary depending on the loan product. Our standard loan term ranges from 3 to 60 months. However, for loans greater than £15,000, you can extend the term up to 120 months.