Yes. You are welcome to repay your loan at any time if you are able and wish to do so. Unlike other lenders, there are no penalties or early repayment fees for doing so.
Ways to Repay
By Card
You can make a one-off payment using a debit card in order to cover the outstanding balance (the amount left to repay) on your loan. You can do this 24/7 via our secure payment page. The money will be credited to your loan within 1-3 working days.
Using Your Savings
You may have built up enough savings over the course of repaying your loan to be able to pay it off completely. If you would like to use your savings to cover the outstanding amount on your loan, you can let us know by contacting our Credit Control Team at creditcontrol@creditunion.co.uk.
Increasing Your Salary Deduction/ Direct Debit
If you can't pay off your loan completely, but would still like to pay it off sooner, you can email us to increase your monthly salary deduction or direct debit. This will allow you to build savings as you repay at a faster rate. Once you have built up enough savings to fully repay your loan, let us know.