How to Set Up Automatic Loan Repayment

Setting Up Automatic Repayment (Recommended)

Automatic repayment ensures you never miss a payment and helps maintain your credit score.

Setup Process:

1. During Application: Simply check "Enable Automatic Deduction" and provide your bank account details
2. After Approval: Log in to your account → "Payment Settings" → "Set Up Auto-Pay"
3. Via Customer Service: Call or email to request automatic deduction setup

How It Works:

• Monthly payment automatically deducted on due date
• Deduction occurs at 10:00 AM CET
• Receive SMS/email confirmation after each deduction
• If due date is a holiday, deduction occurs on next business day

Important Notes:

• Ensure sufficient balance 1-2 days before due date
• Update bank account information if you change banks
• You can cancel automatic deduction anytime (contact customer service)
• Failed deductions due to insufficient funds incur late fees

Benefits: Never miss a payment, protect your credit score, peace of mind.