If you decide to only make the minimum payment of 1/18th of your initial loan balance every 60 days, it will take you 18 months to pay off half of your total loan balance. The remaining balance will be due on the loan maturity date, which is when your loan is due in full. When that date arrives, we'll automatically debit your SAPI-linked bank account for the remaining balance.
Note: Loan maturity is 18 months from origination.
For more information, check out our SAPI Loans Fixed Payback Rate and Minimum Payment Requirement pages. If you did not find what you needed, please don't hesitate to reach out to us. We're always here to help.