Repayment of loan
The options you can choose to pay SeedFi back are:
Automatic payments. It will ensure you pay on-time. You need to connect your bank account to the SeedFi account to enroll in autopay.
Bank account payments. ACH payments take one-two business days to settle.
Debit card payments. You can use a debit card to make instant payments by adding your debit card to the Payment Settings page in your personal account.
Bank check payments. You can mail your checks to the company via USPS, UPS, and DHL.
The cash payments are not accepted. All the payments are processed the same day if you make payment at 11:59 pm PST or earlier.
The borrowers pay SeedFi back bi-weekly or double amounts monthly. The schedules are matched to the customers' needs. You can adjust the payment schedule if your account is in good standing by emailing the company and putting in your request.
Early payoff
You can pay off your loan early. The company doesn't have fees for early repayment.
Moreover, SeedFi doesn't have an application, annual, phone payment, origination fees, or early payment fees. The late payment fee is $0 - $15 and is returned to you by imposing the sum into your savings account.
