Loan Payment Flexibility
Flexible Loan Payment Schedule
At Pocketfund, we like to be flexible. You have enough strict deadlines in your life. Rent, car payments, insurance, and countless other expenses that penalize you the day after you miss your payments. We send you notifications leading up to your payment dates to remind you that your payment will be due soon. The loan amount and fees are automatically withdrawn from your bank account on your due date; this allows you to keep going to work and not have to take time away from your life to pay off your loan in person.
We won’t penalize you if you can’t pay off your loan on the due date that is assigned to you. That’s why we provide our customers with a 7 day grace period on a missed payment. If you are unable to make the full payment within those 7 days, you will be charged a late fee of $25. If you don’t make a payment within 30 days of your original payment date, you will be in default of our terms of service and your loan agreement. If you need help paying back your loan or want advice on how to plan your payment, contact your loan manager. They are here to help you and will work with you to ensure your payment arrives on time.
We want to revolutionize the personal loan process and give you a positive experience. If there is anything that you think we can do better, don’t hesitate to contact us.