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Payment protect FAQ
How Payment Protect works
What happens to the Payment Protect fee if I pay off the loan early?
What happens to the Payment Protect fee if I pay off the loan early?
Monisha Begum avatar
Written by Monisha Begum
Updated over a week ago

If you repay the loan in full early, including if you take out a Harmoney Top Up, part of the Payment Protect fee will be rebated.

The calculation of your rebate is outlined in the Payment Protect terms.

A rebate will also apply if your Payment Protect cover is cancelled. In this case you will be entitled to a rebate on the Payment Protect fee that would have been payable for the period from the date of cancellation until the end of the loan term.

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