How a short-term loan is repaid

How is a Lendumi Everyday loan repaid?

Lendumi Everyday is repaid in one payment on one agreed date, 15, 21, 30 or 35 calendar days after payout depending on the term chosen. The amount due is the money paid to you plus interest, the initiation fee and the service fee — the cost guide shows how that total is built. If a debit order is used, you confirm the mandate with your bank first, and the agreed account needs to hold the full amount on the day. Your agreement states your own amount, date, payment method and reference. Save the quotation and the agreement where you can find them.

Before the payment date

• Allow for the repayment after essential spending.
• Check that the agreed bank account can accept the collection.
• Read the agreement’s treatment of weekends and public holidays.
• Contact the creditor early if your income date or circumstances change.

If the date itself is the problem, ask about a different repayment date before the payment is due.

Making an extra payment

Confirm the payment instructions and use the correct reference. Ask whether a scheduled debit order is still due to run: an additional transfer does not automatically cancel that collection. If you mean to close the loan completely, ask for a settlement quotation instead.

What if a payment is still processing?

A payment instruction or proof of payment is not the same as a payment allocated to your loan. Keep the reference and receipt, check the latest status and ask for an investigation before paying again.

What if the amount does not match?

Ask for an itemised balance showing the payment received and how it was allocated. A partial payment may leave a balance; an overpayment may need a refund. Do not assume either outcome without written confirmation.

What happens after a missed payment · what a DebiCheck mandate authorises.

References: National Credit Act · DebiCheck consumer guide.