Optional Repayments

Optional Repayments

To help you manage the loan balance, you can choose to make regular repayments to service the interest and manage the balance of your loan without incurring an Early Repayment Charge (ERC) if you wish.

• You can do this by making regular monthly direct debit repayments or by electronic payment
• You can choose to pay up to 10% of the original amount of the loan advanced per year without any possibility of an Early Repayment Charge (ERC)

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