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Your loan’s repayment method determines how soon you can receive another loan.
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DEBIT CARD REPAYMENT: If you pay by debit card, your payment will clear the bank in seconds and you can apply for a new loan immediately. The new loan will normally be funded to your bank account within 60 minutes or less.^§
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DIRECT DEBIT REPAYMENT:If you pay by Direct Debit, it will normally take two working days for your payment to clear the bank. Once the payment clears, we can issue you another loan. The new loan will be funded to your bank account the day after payment clears.Example: Your due date is Friday. Your full payment comes out on that date.
- If the loan was repaid via debit card, you will be funded on Friday.
- If the loan was repaid via Direct Debit, you must wait until Wednesday to be funded.

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