You repay your loan in fixed monthly instalments according to your agreed loan schedule. Please make sure your payment is made on the due date shown in your payment schedule.
You can repay your loan in two ways:
1. Transfer money to your Bondora account
You can transfer your repayment amount to your Bondora account manually before the payment date. On the due date, the instalment will be automatically deducted from your Bondora account.
If you add money to your account in advance, the money will remain in your Bondora account as a prepayment until it is applied on the payment date.
Please note: Payment schedule dates may vary. If the payment date falls on a weekend or public holiday, the payment deadline is the following business day.
You can see more information: How do I add money to my Bondora account?
Bondora tip: You can set up a recurring payment with your bank to make sure your monthly repayment is always transferred on time.
2. Automatic payment with your bank card
You can add your bank card to your Bondora account. Once your card is added, we will automatically charge your monthly instalment on the payment due date.
This is a safe and convenient option that helps ensure your payment is made on time. You only need to make sure your bank card has enough available funds each month to cover the instalment.
Bondora will also send out SMS and email reminders about approaching deadlines. Please note: Reminders are automatic and can be issued even if you have already paid.