How to pay back a SAVii loan?
SAVii’s repayment process is convenient, and automated settlements are made via payroll deductions. Borrowers enjoy the convenient repayment plan, in which HR ensures timely payroll deduction and approval of repayments within 24 hours. Borrowers also get updates on their dashboards, reminding them of scheduled payments.
Your company lowers your stress of repayment by providing your data to SAVii for integrated deductions. SAVii also provides the right credit option for every employee, reducing the stress associated with their loan obligation because they only qualify for a loan they can service comfortably after being accepted on the platform. Besides, SAVii can review your repayment schedules and approve higher loan limit next time you are borrowing.
Conditions of a loan extension
Because of the straightforward repayment plan, borrowers enjoy automated and convenient repayments of their loans. Therefore, SAVii does not need to offer extension plans for existing loans.
Early payoff
Borrowers’ repayments are automated and deducted from their salaries on the agreed repayment dates. Because borrowers do not make payments on their loans directly, making early payoff on their loans becomes almost impossible. Instead, borrowers enjoy the automated billing system to repay their loans.
However, if you leave your company before completing your loan repayment, you can repay your outstanding balance with SAVii by depositing or transferring your scheduled payments to SAVii’s bank account. When you pay directly to SAVii, remember to also send your payment receipt to [email protected] for easier follow up and recording purposes. SAVii also accepts BDO’ payment on BDO mobile and over the counter or online banking options.
