Lender
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LendDirect PayOff

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To repay a LendDirect loan, borrowers have several options available. They can make payments online through the LendDirect website, either by setting up automatic payments or using Interac e-Transfers. Additionally, borrowers can make payments through their bank's online banking platform by scheduling automatic payments or initiating transfers manually. While there isn't a dedicated mobile app for loan repayments, borrowers can still conveniently manage their payments through these various methods. Finally, for those preferring traditional methods, payments can also be made via ATM by following the general steps provided by their bank. Overall, LendDirect offers flexibility in repayment methods to suit the preferences of its borrowers.

Make payments online through the account

To make payments to LendDirect online through your account, you have a couple of options. While there isn't official information on the specific process, generally, you can manage your payments in two main ways:

  1. Set up Automatic Payments. Many lenders, including LendDirect, offer the convenience of setting up automatic payments. This allows you to schedule regular payments from your bank account to ensure that your loan payments are made on time each month. Automatic payments can be a convenient option for borrowers who prefer a hands-off approach to managing their loan payments.

  2. Use Interac e-Transfers. Another common method for making online payments to LendDirect is through Interac e-Transfers. This involves transferring funds electronically from your bank account to LendDirect using the Interac network. To do this, you typically log in to your online banking platform, select the option to send an e-Transfer, and enter LendDirect's email address or other specified details. Be sure to include your loan account number or other identifying information to ensure that your payment is properly credited to your account.

Make payments through the app

To make LendDirect payments through the app, unfortunately, there isn't a specific LendDirect app available. However, you can still make payments conveniently using the methods mentioned previously.

While having a dedicated app for LendDirect would offer added convenience, utilizing these alternative methods ensures that you can still manage your payments efficiently. Be sure to review any specific instructions provided by LendDirect regarding payment procedures to ensure accuracy and timeliness.

Make payments through a different bank

To make LendDirect payments through a different bank, there isn't official information available on the exact process. Typically, you would need to initiate the payment through your own bank, but it's advisable to contact your bank directly for specific instructions.

As a part of the application process and to streamline your payments, LendDirect usually sets up automatic payments for you. This means that on your payment date, LendDirect will automatically deduct the amount owed from the same account where your funds were initially deposited.

While there may not be a direct method outlined for making payments through a different bank, setting up automatic payments can simplify the process and ensure that your payments are made on time each month. If you prefer to make manual payments or need assistance with setting up payments through a different bank, it's recommended to reach out to LendDirect's customer service for guidance and support.

Via ATM

To make LendDirect payments via ATM, there isn't official information available on the specific process. However, here are five general steps you can follow:

  1. Locate an ATM. Find an ATM that belongs to your bank or a network that allows for bill payments or fund transfers.

  2. Insert Your Card. Insert your debit card or ATM card into the machine and enter your PIN to access your account.

  3. Select "Bill Payment" or "Transfer". Depending on the ATM's options, select either "Bill Payment" or "Transfer" from the main menu.

  4. Enter Payee Information. If prompted, enter the payee information. This might include LendDirect's name, account number, or any other relevant details.

  5. Enter Payment Amount and Confirm. Enter the amount you wish to pay towards your LendDirect loan and confirm the transaction. Make sure to follow any additional prompts to complete the payment.

While making payments via ATM is generally possible, the specific steps and options may vary depending on your bank and the ATM network.

Additional resources

Sources

FAQ

Can I make repayments online through the LendDirect website?

Yes, you can make repayments online through the LendDirect website.

Is there a mobile app available for making loan repayments with LendDirect?

No, there is no mobile app available for making loan repayments with LendDirect.

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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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100.00 – 15000.00 C$
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29.99 – 46.93 %
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