Repayment of loan
The main goal of the iA Auto Finance loans platform is to make the process of repayments for its borrowers as easy and comfortable as possible. Due to this point, the company offers two ways for making payments: either via direct transfer from the customer’s bank account or via its platform. The platform can make all the withdrawals fully automated – the funds scheduled for being repaid can be directly withdrawn from the bank account of the borrower, where his income is normally deposited at.
The structure of the payment period is designated to make the payment process for the customer as convenient as possible as well.
Conditions of loan extension
A customer could negotiate a loan extension – but no certain conditions are mentioned on the website of iA Auto Finance as each specific situation requires a different approach, depending on the amount of the loan, already taken by the customer, and the repayment history for the loan.
Early payoff
At iA Auto Finance the borrower has an opportunity to pay his loan off at any point in case he has got a rate-reducing loan.
There is no specific information about the possibility for a customer to pay early should such a customer have a standard loan, provided by the company.
Normally in the lending industry, there is an opportunity for the customers to pay early, but in some cases, the lenders can charge additional fees for a full early repayment - all the potential borrowers should be aware of this aspect.
