Firstly, thanks for choosing Unloan!
You can choose to pay your minimum monthly repayment amounts by weekly, fortnightly, or monthly payments. To achieve this, you can provide us with a direct debit authority, and we will automatically debit your nominated bank account. If you choose to meet your monthly repayment by making:
Weekly payments, the amount debited will be calculated as your minimum monthly repayment divided by 4
Fortnightly payments, the amount debited will be calculated as the minimum monthly repayment divided by 2.
Learn more about repayment schedules, here.
If a repayment is due on the 29th, 30th or the 31st of a month that doesn’t contain that day, the repayment will be due on the first day of the following month.
You may, at any time, make a payment or payments which exceed the amount of your minimum monthly repayment. If you do, this does not affect your obligation to pay in full the minimum monthly repayment due in any subsequent month unless we otherwise agree in writing.