How to repay your loan
Repaying through FlexiNest’s lending partners is simple and built around your schedule. Here’s what to expect.
FlexiNest is not a lender. Your repayment terms are set by your lender.
Canadian lenders
Your repayment at a glance
How and when you repay depends on your loan type.
How you pay
Automatically
- Pre-authorized debit
- From your bank account
Payday loans
Next payday
- Usually one payment
- On your scheduled date
Instalment loans
Several payments
- Smaller amounts
- Over weeks or months
You’ll see your full repayment schedule before you accept your loan offer.
Automatic withdrawals
Most repayments are made through pre-authorized debits from your bank account. That means:
No due dates to remember
The payment comes out on schedule.
No trips to the bank
Everything happens from your account.
Just keep funds ready
Make sure there’s enough money on the scheduled date.
Repaying, step by step
Review your repayment schedule before you accept.
Keep enough money in your account.
Your lender withdraws the payment on the due date.
Contact your lender early if anything changes.
Paying early
Most of our partner lenders let you repay your loan early without penalties.
- No early repayment penalty with most partner lenders
- Less interest on instalment loans
- Check your loan agreement first
Payday loans usually have a flat fee, so check your agreement to see what paying early changes.
Need to change a payment date?
Many lenders offer flexible options if life throws you a curveball.
Contact your lender at least 24–48 hours before your scheduled payment.
Tips to stay on track
A few simple habits make repaying easy.
Know your due date
It’s in your repayment schedule and your loan agreement.
Keep funds ready
Make sure your account has enough money on the scheduled date.
Ask early
Need a change? Contact your lender 24–48 hours before the payment.
Read your agreement
It has the lender-specific details for your repayment.
Safe and secure
Payments run through encrypted banking systems.
Any questions?
Here are answers to the ones we hear most.
How do I repay my loan?
Most repayments are made automatically through pre-authorized debits from your bank account. You don’t need to visit a bank. Just make sure there are enough funds in your account on the scheduled date.
When is my payment due?
It depends on your loan. Payday loans are usually repaid in one payment on your next payday. Instalment loans are repaid in smaller payments over several weeks or months. You’ll see the full schedule before you accept your offer.
Can I repay my loan early?
Most of our partner lenders let you repay early without penalties. On instalment loans, this can save you interest. Check your loan agreement for the details.
Can I change my payment date?
Contact your lender at least 24–48 hours before your scheduled payment to ask for a change or postponement. Many lenders offer flexible options. See how to postpone a payday loan.
What if I don’t have enough money on the due date?
Contact your lender before the payment date. A payment that doesn’t go through can lead to extra fees from your lender and your bank.
Who do I contact about my repayment?
Your lender handles your repayment. You can also email us at help@flexinest.ca, or check your loan agreement for lender-specific details.
Got questions? We’re here to help.
Email help@flexinest.ca or check your loan agreement for lender-specific repayment details.