What are the repayment options?

The most common repayment options are through direct debit or standing order, which are established as regular payments until the guarantor loan is entirely payed off. Other methods comprise debit cards, online payments or payments by phone. There is also the option of re-paying your loan before the end of your term, in which case some lenders will not apply penalties or extra charges. However, if you wish to arrange an alternative method to pay off your loan, you should contact your prospective lender before signing the agreement.