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We are currently updating our help site. To view the most recent version of this page, please visit:
https://moneyplace.com.au/help/repayments/making-extra-repayments/
Yes you can! You can make extra repayments at any time, at no cost, as often as you like.
All you need to do is log onto your dashboard and grab the BPAY details to make the payments.
Alternatively, if you’d like us to increase your regular direct debits, just get in touch!
Remember, you won’t be able to redraw any extra payments you make.
We encourage our customers to pay out their debt earlier, to save as much interest as they can. Unlike other lenders, we won’t charge you anything to pay off your loan early.
Please note if your loan was approved before July 31, 2018:
To make an early repayment, all you need to do is make an electronic transfer to your MoneyPlace loan account. We’ll send you details on how to do this once your loan is established.