Pay by debit order
Debit orders allow us to directly withdraw the funds from an account you choose, on a date you choose, every month. You can choose one of three amounts to pay:
- The full amount – this means you will have your full credit limit available to you next month.
- The minimum monthly amount - interest will be charged on the remaining debit balance and you will only be able to spend the unused portion of your credit limit. The minimum monthly repayment can never be less than 7.5% of your outstanding balance.
- A fixed amount - This amount will be adjusted upwards if it is lower than the minimum monthly payment due. If this amount is less than the outstanding balance, interest will be charged on the remaining balance and you will only be able to spend the unused portion of your credit limit.
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