You're welcome to make bulk payments on your Prodigy Finance loan without incurring any penalties. If you plan on doing this, remember that you’ll still be expected to make monthly payments unless stated otherwise.
If you'd like to make a bulk payment which is more than three times your contractual instalment, you have the following options:
Default option: This will reduce the monthly instalment which will be due each month for the remaining term. Please get in touch with our team should you wish to apply this option.
No Change: There will be no change to the monthly instalment however the remaining balance on the loan will decrease, resulting in a shorter repayment term.