Can I make additional payments into my loan account ?

You can make additional lump sum payments to your loan account. This will reduce:

  • the term of the loan
  • the amount of interest you repay over the full term of the loan

This will NOT affect the amount you repay each month.

WARNING: IF YOU PAY OFF A FIXED RATE LOAN EARLY YOU MAY INCUR A FUNDING SUM CHARGE.

You can transfer funds into a loan account listed on your 365 online profile. You may also add a loan account as a payee.

Last updated: May 17, 2017

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