Why the Repayment Schedule Matters
A good schedule matches your instalments to the way money comes in. When payments are due just after you've been paid, repaying is easy. When they don't line up, even an affordable loan can feel stressful.
Daily Repayment
With daily repayment, you pay a small amount every day.
- Best suited for: Shop owners, traders, vendors and others who earn cash every day.
- Advantage: The amounts are small, so the loan is repaid from daily earnings without saving up a big sum.
- Keep in mind: It takes discipline to set the amount aside every day.
Weekly Repayment
With weekly repayment, you pay once a week.
- Best suited for: Workers and businesses paid weekly, or anyone whose income arrives in weekly cycles.
- Advantage: It sits between daily and monthly: payments are less frequent but still manageable in size.
- Keep in mind: Plan around weeks when your income tends to be lower.
Monthly Repayment
With monthly repayment, you pay one instalment each month.
- Best suited for: Salaried employees and professionals with a fixed monthly income.
- Advantage: One predictable payment that's easy to plan into your monthly budget.
- Keep in mind: Set the due date soon after your salary is credited.
How to Choose: A Simple Test
Ask yourself three questions:
- How often do I receive money? Pick the schedule that matches it.
- What is my lowest-income period? Make sure you can pay the instalment even then.
- What other commitments do I have? Include rent, school fees and other EMIs so the new instalment fits comfortably.
If you're still unsure, our team will go through your income pattern with you and suggest a suitable option. Flexible repayment is available across our loan services, including vehicle loans and personal loans.
Good Repayment Habits
- Set a reminder a day before every due date.
- Keep the repayment amount separate from your spending money.
- If you expect difficulty with an instalment, talk to us early rather than missing it.
- Keep a record of every payment you make.