Repayment of loan
To ensure that the repayment is paying off in due time, to follow the repayment period, and to avoid additional interest and fees, Rifco offers a choice of payment options.
Thus, the customers are offered to make payment via:
Visa, Visa Debit, Mastercard, or Mastercard Debit. This is a no-fee payment, fast and convenient, which can be done online. Do it just from the website by selecting the "Make a Payment" option on the main page, lower part, and getting the "Make a Payment" page. Within this payment option name of the customer and Rifco account number are required.
Western Union. Western Union is a quick and easy way to send a wire transfer. Payments are received within 30 minutes of your transaction, but a service charge is applied. At the agent location, the client should complete the blue “Quick Collect” form and include the following information:
Pay to: Rifco
Code City: Rifco AB Senders account number with Rifco – a 6-digit account number that can be received at the Customer Service Team.
Online Banking. This is a no-fee payment. Rifco should be added as a payee in the bill payment account, a 6-digit Rifco account number is required.
Pre-authorized Payments. This is a no-fee payment. Rifco will require a copy of a void cheque or a pre-authorized debit form from the financial institution. The documents may be emailed or faxed. Verification that the documents are properly received may require, so contact the Customer Service Team.
Pay in office. This is a no-fee payment. Just choose the most convenient office and verify the operating hours. Payments accepted include debit, money order, and cheques.
E-Transfers. Banking fees may be applied to this type of payment. To make an e-transfer, use [email protected] as the recipient email address, and indicate your name and Rifco account number.
Mobile payment web application.
In case of non-payment in time, the money may be automatically withdrawn from your account by Rifco.
Conditions of loan extension and making a payment early shall be discussed with Rifco individually, depending on the credit document the customer has signed.
By paying off your debt, you are getting a good credit history and more profitable conditions for the following loans which may decrease your financial burden.
When considering reducing the number of payments by early payments, do not forget that credit history is based on several successful payments, among other factors. It is also advised to investigate properly your loan agreement conditions to be sure you cover the principal and decrease the loan cost.
