The monthly repayments payable to each investor on each loan part in respect of the loans you borrow will be set out in the Loan Contract or Loan Contracts.
We will collect the repayment amounts each month from your bank or building society account using direct debit or debit card repayments, using credit card repayments or via a standing order. Our credit card payments provider will charge a 3% fee for each repayment made using a credit card.
We will collect the repayment up to 5 days before the date specified in the Loan Contract in order to ensure that funds are received and distributed on time to the investor(s) who lent to your business.
It is your responsibility to make sure that your business bank account has sufficient funds to make the repayments.
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