Can I repay early?

Yes, you can repay your LemFi credit early at any time. Early repayment allows you to pay off your balance faster and reduces the total daily interest charged. You can make additional payments or settle your full balance via the credit section in the LemFi app. 

What this means

• You can pay more than your scheduled monthly installment.
• Because interest is calculated daily, repaying early reduces the total amount of interest paid.
• Additional payments can be made directly through the app.
• You have the right to pay off the entire balance early. 

What you should do

Check your repayment options in the app and make an early payment if you’d like to clear your balance sooner. It is recommended to check the credit section within your app for the most up-to-date options for early repayment.
 

What to expect

• Early repayment can help you save on interest
• Your remaining balance will be updated after the payment is processed