You can pay your loan weekly, fortnightly or monthly. Just make sure you have paid the full amount by your monthly due date. If you’re paying weekly for example, you will need to make four weekly payments by the monthly due date (monthly payment divided by four) or two payments if paying fortnightly (monthly payment divided by two).
Failure to make your loan payment in full by the due date will normally result in a Default Administration Fee (shown as Default Admin Fee on statements) and could harm your credit rating. These fees are detailed in your loan contract.
Please get in touch with us on 1300 138 831 if you need help setting up your loan repayment. If you are experiencing difficulties making a loan repayment please phone us on 1300 077 969 or email payments@auswidebank.com.au.
