How to make overpayments on your loan

You can make “over” payments on your loan account at any time.

An “over” payment is where a borrower decides to pay more on their loan than their monthly contracted amount. For instance, your direct debit may be £50.00 a month, and you would like to increase this to £70.00 a month.

Alternatively, your direct debit may be £50.00 a month, and you would like to make a “one-off” payment of £50.00.

Both options are absolutely fine and there is no charge for amending your monthly direct debit or making a “one-off” overpayment on your loan account.