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What’s the difference between my required payments and my direct debit payments?
What’s the difference between my required payments and my direct debit payments?
Monisha Begum avatar
Written by Monisha Begum
Updated over a week ago

You must make repayments, comprising principal and interest, which are scheduled monthly as set out in your Loan Contract. These are your required payments, and you must pay these amounts in full on or before the due date each month.

You agree to make your repayments by way of a direct debit authority. You may select a direct debit payment frequency that suits you, provided that each required payment is paid in full by its due date. 

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