Repayment of loan
When it comes time to repay your Indymae loan, you have a few different options. You can make a lump sum payment, set up automatic payments, or make manual payments through an online portal. Indymae, LLC also offers a flexible repayment plan if you're experiencing financial difficulties.
Early payoff
A borrower can pay back an Indymae line of credit early. There are no penalties for such a switch, and the borrower will save money on interest payments. If the borrower has made weekly payments, they may stop making payments once the balance is paid off.