• Your first drawdown will be for a default term of 6 months.

  • The day you make your first drawdown will also set the monthly repayment date for your account, i.e. your outstanding due will be pro-rated per day, and always due on that day of the month.

  • Subsequent withdrawals may span 6 or 7 months depending on the day you make a withdrawal. You will always be able to preview and confirm your repayment schedule prior to making a withdrawal.

  • If you need the funds for a shorter duration, simply opt to repay early and save on remaining fees.