Can I make additional payments into my loan account ?
You can make additional lump sum payments to your loan account. This will reduce:
- the term of the loan
- the amount of interest you repay over the full term of the loan
This will NOT affect the amount you repay each month.
WARNING: IF YOU PAY OFF A FIXED RATE LOAN EARLY YOU MAY INCUR A FUNDING SUM CHARGE.
You can transfer funds into a loan account listed on your 365 online profile. You may also add a loan account as a payee.