Here you’ll find clear answers about repayment schedules, early repayment options, late payment fees, interest charges, and everything else you need to know to manage your loan with confidence.
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Repayments and Fees FAQs #
- How Do I Set Up Direct Debit Payments
You will be sent a link to set up a Direct Debit once your agreement has been signed. You will click the link and enter your contact and bank details. The instruction will then be set up by the banks and your payments can then be taken on the arranged date.
- How Can I Make a Payment?
Payment is made by Direct Debit each month for the length of your agreement term. You can overpay by Bank Transfer with no additional charges, please contact us for details: admin@medicred.co.uk
- Can I Pay Off My Loan Early?
Yes you are free to pay off your loan in full at any time. Please contact us for a settlement figure and the bank details for payment: admin@medicred.co.uk
