- 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.
What is the repayment term for each drawdown? Print
Modified on: Mon, 15 Jun, 2020 at 5:22 PM
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