Repaying a MaxLend loan involves making payments on scheduled due dates, typically aligned with your pay dates. The standard term for new customers is usually 9 months, but you have the flexibility to pay off the loan in full at any time without penalty. Timely repayment of each loan contributes to your progress in the MaxLend Preferred Rewards program, offering potential benefits for future borrowing.
Make Payments Online Through the Bank Account
Visit MaxLend’s Website. Go to the website.
Log In. Click the "Log In" button and enter your email address.
Enter Password. On the next page, enter your password to access your account.
Go to Payments Section. Navigate to the payments section.
Complete Payment. Follow the instructions provided to complete the payment.
Make Payments Through a Different Bank
Obtain Payment Details. Gather all necessary information, including your loan account number and the MaxLend 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 MaxLend 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 MaxLend 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.
Payments are made automatically on the due date under the loan agreement. Therefore, it is necessary to verify that the proper amount is in the account.
What happens if you don't pay back MaxLend?
If you have signed the loan agreement, you agree to pay back the loan – principal amount and various loan fees stipulated in the contract. Failure to follow this obligation will result in additional fees and penalties. All potential non-payment fees are included in the loan agreement.
Can you pay MaxLend early?
Yes, early payments are available. The loans may be paid in full at any time without penalty. Additional partial payments toward principal are acceptable and may be made on any scheduled payment date. Early paying off may reduce the overall credit cost.
Can MaxLend sue you?
MaxLend is a sovereign entity owned and controlled by the Mandan, Hidatsa, and Arikara Nation – a federally-recognized American Indian Tribe. This means MaxLend is not subject to suit or service of process. Any business with MaxLend is limited by a loan agreement and Tribal law and by the decisions of Tribal forums for dispute resolutions or individual arbitration before a neutral arbitrator.
