If you are eligible for extended terms, your repayments will be spread evenly across 52 weeks. Each weekly repayment is made up of two parts: a fraction of the amount drawn and a simple, flat fee. Your weekly repayment will be automatically debited from your bank account each Wednesday, using ACH. All you need to do is make sure there are sufficient funds in your account when we debit it. You can repay early any time and we’ll waive all of the remaining fees.
There are no fees or interest during the grace period.
To determine if you are eligible for extended terms, please visit Where is Fundbox Pay Available?