How can I make extra payments on my loan?

Last Updated: Aug 06, 2019 06:53PM PDT

Your loan agreement includes a pre-authorized debit agreement and all regular payments are processed according to this agreement.

If you want to schedule an additional payment to be withdrawn from your bank account, choose from one of the following options:
  1. Log into your MogoAccount to set up an additional payment. (Not available for all products)
  2. Chat with us through your MogoAccount at least 2 business days before your next payment is due. Select "Manage my active loan" from the chat menu and follow the steps provided.
Remember that some regular loan payments don't include any principal, so you need to make extra payments to reduce your principal balance.
 

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