Repayment of loan

The main goal of the ConsumerCapital Canada loans platform is to make repayments for its borrowers as easy and comfortable as possible. Due to this point, the company offers two ways to make payments: via direct transfer from the customer’s bank account or its platform every month or two weeks. In addition, the platform can make all the withdrawals fully automated – the funds scheduled for repayment can be directly withdrawn from the borrower's bank account, where his income is usually deposited at.

The structure of the payment period is designated to make the payment process for the customer as convenient as possible.

Conditions of loan extension

The customer can negotiate a loan extension – but no certain conditions are mentioned on the ConsumerCapital Canada website. Each specific situation requires a different approach, depending on the loan amount already taken by the customer and the repayment history for the loan.

The minimum established period for borrowers’ loan reimbursement is of 12 months. The maximum period for loan reimbursement is of 60 months.

Early payoff

It is natural for every borrower to need a possibility to optimize their current financial burden in one way or another. An early payoff is one of the most reasonable and adequate options for making the financial burden not so severe. In this case, the borrower can sufficiently cut down the final amount of money to be designated for repayment.

At ConsumerCapital Canada, a borrower has an opportunity to pay his loan off at any point in time, risk-free. In addition, extra payments will not be charged a penalty or any additional fees. Just call at 1-888-554-4192 to inquire about the final payout amount for the personal loan.

Tips on how to pay more efficiently

To be more efficient, try to pay off your loan on time and according to the schedule agreed upon because you could face multiple NSF fees. Also, remember that personal loans should not be a permanent way to resolve financial difficulties.