You are welcome to repay your loan earlier than the scheduled loan term without an early repayment penalty.
To do this, you'll need a Payout Estimate (also known as a closing balance or final statement).
- Log into your Dashboard.
- Go to 'My loan' in the top navigation.
- Select 'Payout'.
- Select 'Date of payment' and 'Reason for early repayment'.
- Click 'Estimate' button to generate the payout amount.
- Click 'Send instructions'.
A PDF copy with all the relevant payout information will be emailed to you.
Please note: The payout amount is calculated on the date selected under 'Date of payment'. If you intend to payout your loan after this date, you will need to generate another Payout Estimate with the date you intend to repay. This will recalculate your final amount.