We're planning on taking out a loan soon. How soon after the loan is accepted does the first payment come? E.g. if applied on the 27th October, would the first payment date be early December or late November?
New Loan Payment Date
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Verified Answer
Verified Answer@richb1990 Hi there!
Your first payment date would depend on the date the application is accepted and the repayment date you choose to set up. You can choose any date between the 1st - 25th of the month and your first repayment will be within 15 to 45 days of the date you received the money (depending on your selected repayment date).
If you do apply, I would make sure you choose a repayment date that suits you going forward 😀