You can make extra lump sum repayments on your personal loan any time you want. There’s no need to get in touch with ME – just transfer the money into your personal loan account, and you’re all sorted.

Making your repayment

There are two ways to make your extra repayment transfer:

  • You can ‘push’ the money from your everyday transaction account to your personal loan account.
  • You can use ME’s internet banking to ‘pull’ the money into your loan account from your nominated account, even if your nominated account isn’t with ME.

Making a ‘push’ payment

Just make the payment from your everyday transaction account into your personal loan account, however you normally would.

(Since your account may be with a different bank, we can’t really step you through the process – if you have any trouble, it’s probably best to get in touch with your financial institution.)

Making a ‘pull’ payment

You can use internet banking to ‘pull’ a payment from your nominated account into your personal loan account:
  1. Log in to internet banking.
  2. Click on ‘pay & transfer’ at the top of the page, and select ‘transfer between accounts’.
  3. For the ‘pay from’ field choose your nominated account.
  4. Pick your personal loan account for the ‘pay to’ field.
  5. Fill in the rest of the transfer details and hit ‘continue’, and then confirm the payment.

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