Till loans are repaid through scheduled installments over a 3 to 6-month term, with payments automatically deducted from the borrower's bank account on agreed dates. This structured repayment plan ensures timely payments, helping borrowers manage their financial obligations effectively. Additionally, Till allows for early repayment without penalties, enabling borrowers to pay off their loans ahead of schedule and potentially reduce the total interest paid.
Make Payments Online Through the Bank Account
Visit the Till Website. Go to the official Till website.
Click "Make a Payment." Locate and select the "Make a Payment" option on the homepage.
Log In. Enter your registered email address and password.
Submit Details. Click "Submit" to access your payment dashboard.
Complete the Payment. Follow the prompts to finalize the payment using your bank account.
Make Payments Through a Different Bank
Obtain Payment Details. Gather all necessary information, including your loan account number and the LakeShore Loans account details where the payment should be sent.
Log in to Your Bank Account. Access your bank’s online banking portal by logging in with your credentials.
Set Up a New Payee. Navigate to the bill pay or transfer section of your bank's website. Select the option to add a new payee and enter the LakeShore Loans payment details, including the bank account number and routing number.
Schedule the Payment. Choose the payment date and enter the amount you wish to pay. Confirm the details and schedule the payment. You can choose to make a one-time payment or set up recurring payments if your bank supports this feature.
Confirm and Track the Payment. After scheduling the payment, confirm the transaction. Keep an eye on your bank account to ensure the payment is processed and funds are deducted.
Via ATM
Locate an ATM. Find an ATM that supports loan payments. Some banks and financial institutions offer this service.
Insert Your Debit Card. Insert the debit card linked to your bank account into the ATM.
Select the Payment Option. Navigate through the ATM menu and select the option for making bill payments.
Enter Payment Details. Provide the necessary details, such as your LakeShore Loans account number. You might also need to enter the amount you wish to pay.
Confirm and Complete the Transaction. Review the payment details for accuracy. Confirm the transaction to complete your payment.
Till loans are structured with repayment periods ranging from 3 to 6 months, allowing borrowers to choose a term that aligns with their financial situation.
What happens if I miss a payment?
Missing a payment may result in additional fees and could negatively impact your credit score. It's important to contact Till's customer support promptly to discuss possible solutions if you're unable to make a scheduled payment.
Are there any penalties for late payments?
Yes, late payments may incur additional fees. Review your loan agreement for specific details regarding late payment penalties and strive to make payments on time to avoid extra charges.
