Your selected question and answer
Question:
What is a payment break?
Answer:
We currently offer you the option to take a two month repayment break before commencing your monthly payments. This is only available at the start of the loan and gives you 3 payment free months from the time your funds are issued until your first repayment is taken by Direct Debit. Example: If you opened your 36 month loan on January 1st and took a 2 month repayment holiday, you would make no repayments in February or March and the first of your 36 repayments would be 1st April. The payment break is subject to availability.
