How are repayments managed in Credi?

On the Manage Loan page, below your agreement details, you will see the Manage Repayments section. Here you can view your repayment schedule and your repayment transactions.

At the top of the repayment schedule, you’ll see the initial disbursement amount. This is the full amount lent. Below this is the repayment schedule with the planned transaction dates and amounts. Lenders can mark previous repayments as Overdue, Cancelled or even Forgiven. Repayments will be marked on the schedule automatically as Cleared unless specified otherwise.

Future repayments can only be Cancelled or Forgiven. The borrower is automatically notified by email as changes are made.

Borrowers also have the ability to stop individual repayment reminder emails in this section.

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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