All regular repayments are made by a Direct Debit from your bank account.

Whilst you have a variable rate loan you may elect to make your regular payments either monthly, Fortnightly or Weekly any date of each month. For loans on a fixed rate, repayments are only available on a monthly basis.

The Direct Debit may only occur from bank or building society cheque or savings statement accounts. Some credit Union accounts may also be debited. Deductions cannot be made form Saving Passbook accounts.

The account from which funds are debited to make loan repayments must be identical to the name of the loan.