Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

OnDeck PayOff

Advertiser Disclosure

Repayment of loan

Payment is made automatically during the entire repayment term from your checking account every week or every month, depending on what kind of credit you have. You can control payments in your account on the site. You will pay the same amounts each month on the due date, so you won’t encounter any surprises.

Early payoff

The company does not charge any prepayment fees. However, an early payoff will not give you any benefit except for the reduction of the repayment term. The early payoff does not change your interest rate, and the fixed rate remains the same.

There is a 100% Pre-payment Benefit option allowing you to pay the loan early in full and have your remaining interest waived with no penalties.

FAQ

Can OnDeck sue me?

Yes, the company requires personal guarantees, so in case of non-payment of the loan, the company can sue the business owner.

Does OnDeck issue penalties?

The company does not issue any penalties.

How can I pay OnDeck back?

You can pay back automatically with your checking account.

Calculate loan payments in OnDeck

OnDeck calculator will allow you to calculate an approximate payment schedule for the loan

OnDeck calculator
Interest rates are given in accordance with the rates of the OnDeck of 23.05.2024
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