Repaying Lending Mate loans offers flexibility through various methods. While there's no official information on online repayments through their website or a dedicated mobile app, borrowers typically benefit from automatic deductions. Upon loan disbursement, Lending Mate sets up a monthly direct debit, ensuring timely payments. Additionally, borrowers can consider alternative methods like making payments via ATM, though specific instructions may not be available. Regardless of the method chosen, the inclusion of debit card details during loan setup acts as a backup, minimizing the risk of payment delays. With these options in mind, borrowers can select the most convenient repayment method that suits their needs, ensuring their loans stay on track without hassle.
Make payments online through the account
Making Lending Mate loan payments online through your account is a straightforward process, though it's important to note that there isn't official information available on this method. Typically, payments are deducted automatically to streamline the repayment process. When you initially borrow the funds, Lending Mate will set up a monthly direct debit, ensuring that your payments are collected on time.
To facilitate this, you'll be asked to provide your debit card details during the loan setup. This serves as a backup in case the direct debit ever fails, safeguarding against any potential delays in repayment. By having your debit card on file, Lending Mate can ensure that your loan stays on track without any interruptions.
Make payments through the app
Making Lending Mate loan payments through a dedicated app isn't an option at the moment, as Lending Mate currently doesn't offer an app for this purpose. However, borrowers can still conveniently manage their loan repayments through other channels, such as the online portal or by contacting customer support directly.
Make payments through a different bank
To make Lending Mate loan payments through a different bank, you'll still utilize the same process of setting up a monthly direct debit. When you initially receive the loan funds, Lending Mate will collect your debit card details to establish this direct debit arrangement.
Even if you prefer to make payments from a different bank account, the monthly direct debit will ensure that your payments are deducted automatically, providing a convenient and hassle-free way to repay your loan. This system also includes the backup of having your debit card details on file, which can be used in case the direct debit ever fails, helping to prevent any delays in repayment and ensuring that your loan remains on track.
Via ATM
Making Lending Mate loan payments via ATM is not officially documented, so you may need to follow these general steps.
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Insert Card. Insert your debit card into the ATM and enter your PIN to access your account.
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Select Transaction Type. Navigate through the options on the screen to select the type of transaction you wish to perform. Look for options related to bill payments or transfers.
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Enter Payment Details. Follow the prompts to enter the necessary payment details, which may include the recipient's account number or other identifying information.
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Confirm Transaction. Review the details of the transaction to ensure accuracy, then confirm your payment.
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Receipt. After completing the transaction, the ATM will typically provide a receipt as confirmation of the payment.
Additional resources
- About Lending Mate
- Lending Mate Online Banking
- How to Apply for Lending Mate Loan
- Lending Mate Customer Reviews
