Each lender varies in their approach to setting up your monthly payments and how they will contact you. Before your loan completes the lender will confirm everything in writing and you will have the opportunity to ask them any specific questions.
You will be required to repay your loan in monthly instalments over 1 to 5 years. Repayments will be taken out of your account automatically via your debit account. Lenders rarely allow you to repay with a credit card, cheque or cash. You may repay early at any point with some lenders charging an early repayment fee and some lenders who do not.
You will be sent reminders via email and SMS on the days leading up to each collection so you can get the repayment ready to collect from your debit account.