Can I pay my loan in full through my bank account rather than by debit card?

Trace 44 (1 year ago)

I took out a loan for £3000 and have £2919 outstanding and would like to pay the amount off in full. I am unable to pay this through a credit card as my limit is only £250 but have sufficient funds in my bank account. Can I arrange to pay off my loan through my current account?

FLM Loans (8 mths ago)

The only way you can pay off your FLM loan in full, without using a debit or credit card, is if you pay by cheque. If you are sending a cheque, please make sure you write your FLM loan agreement number on the back. You will need to send the cheque before your next payment is due. Make sure you allow enough time for the cheque to clear, before your payment is due to be collected.

Comments (4)

lisa (12 mths ago)

if i have a loan say this month can i pay you back next month and will i get charged for it thanks

FLM Loans (12 mths ago)

If you mean pay your loan off in full the month after you had it paid out, then no you won't be charged anything extra for this. You would just have to pay whatever the balance is when you make your payment and this will settle the loan.

Mags (7 mths ago)

Hi - Can you advise how I can get a settlement figure to pay off a Loan

FLM Loans (7 mths ago)

Just log in to your online account to view the outstanding balance. FLM don't charge any early settlement fees so you just need to pay off the remaining loan amount :)


Tags: bank transfer, clear the balance, direct transfer, giro, lump sum, pay off, pay the total, settle, settlement, through my bank, total balance, your account