When will my first loan payment be due?
Usually the first loan payment is due one month from the drawdown of the loan. However the date of the first
repayment can vary from lender to lender. Indeed, it is possible that the exact repayment date can be changed
if it is not convenient to you. For instance, you may wish to adjust the date to ensure that your wage has
cleared in your account prior to you having to make your first repayment. Once you have established when your
first loan payment is due, you may wish to consider a regular payment method such as a direct debit or standing
order. In this way, you will ensure regular payment of your loan on a date that matches when your income clears
in your account. This will avoid not only missing your first loan repayment date, but also potentially missing
future loan repayment dates. This may help to reduce the stress of recalling repayment dates.
*Nothing in these FAQs constitutes advice and is intended for general information purposes only. For qualified advice, please speak with UK Personal Loans Limited 08000 196 777.
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