How do I make additional payments on my personal loan?

Here’s how to make an additional payment online:

From your web browser:

1. Sign in to your online bank
2. Click Overview
3. Select your loan
4. Click Accelerated repayment
5. Select Additional payment
6. Follow the instructions

 

Important:

• An additional payment will not impact the amount of your regular payments.
• An additional payment is first used to repay the interest. The remaining amount is applied to the capital.

 

Good to know:

You can make additional payments or pay off your personal loan before the end of its term without having to pay a penalty. This reduces your interest and repays your loan sooner than expected.

To pay your loan in full, visit a branch or call us at 1-888-835-6281. A statement of your loan with a zero-dollar balance will be mailed to you within 30 days of receiving full payment.

 

From your web browser:

1. Sign in to your online bank
2. Click Overview
3. Select the account from which you want to make the payment in full
4. Click Accelerated repayment
5. Choose either the Pay all option or Additional payment, then click Continue
6. Select the account from which you wish to make the transaction, and the amount. Note that if you wish to pay in full, do not enter an amount. Click Continue
7. A summary page will appear. Click Confirm