When you enter into a loan agreement with Loan Express, you authorize us to withdraw your repayment amount directly from your designated bank account on the scheduled due date. This is done via pre-authorized debit, as outlined in your loan contract. To ensure your payment clears successfully and to avoid any potential issues, please ensure that the full repayment funds remain available in your bank account until at least the day after your scheduled payment date
When will the payment come out?
Loan Express schedules your loan repayment to be processed on your agreed-upon due date. However, the exact time of day the funds are withdrawn from your bank account is controlled by your financial institution, not by Loan Express. Banks have varying processing schedules, which can occur in the morning, afternoon, or even at night. To ensure your repayment is successful and to avoid any potential issues or non-sufficient funds (NSF) fees, please ensure that the full repayment amount is available in your bank account for the entire day on your scheduled due date.
Can I pay my Loan with E-transfer?