Flexible Repayment Plan
Repaying the entire loan amount within a month can at times be difficult for you. As much as we believe in responsible lending and in making sure that you do not get into a cycle of endless debt, we would like to take into consideration your financial state. So, we have built our product to offer you flexibility in repaying your loan amount. Whenever you borrow from us, we will refinance you for additional pay cycles/months (based on the loan amount):
4 pay cycles/months for £80 loans
5 pay cycle/months for £120-£160 loans
6 pay cycles/months for £200+ loans
Our flexible repayment plan will allow you to make your payment in equally split instalments, which relaxes the burden on your finances. At the same time, you have the freedom to close your loan anytime during this extended duration, without incurring any penalties for prepayment. The repayment chart will tell you exactly how much you will be repaying if you borrow from us.
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