If a repayment is larger than one cash inflow comfortably covers, you can meet it across more than one transaction. It keeps you on track without waiting for a single big payment to line up.
How it works
- Make a partial payment from the portal when the first funds arrive.
- Make the balance when the rest lands, before the due point.
- Each part is allocated to your account as it’s received.
Good to know
Partial payments are applied as they come in, reducing your balance and the interest running on it. Aim to have the full amount in before the collection date so nothing’s treated as short. If splitting is a recurring need because timing is tight, it may be worth moving your payment date to suit your cash flow, or talking to us — smoothing the schedule can beat splitting every month.
Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.
See also: How partial payments are allocated, Can I split a repayment across two transactions?, How to move your payment date to suit your cash flow.