Instalments

What happens when an instalment payment is missed?

What happens when an instalment payment is missed? 150 150 Support

Underpaid or missed Flexitax instalment Upon a missed or underpaid Flexitax instalment we automatically adjust the remaining payments so that your desired end date is unchanged. For example, if a Flexitax instalment arrangement has 5 payments of $1000 and the first one is missed, the 4 remaining will then become $1250. Underpaid or missed Finance…

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What is the difference between a Flexitax instalment and a Finance instalment?

What is the difference between a Flexitax instalment and a Finance instalment? 150 150 Support

With a Flexitax instalment, we calculate what we expect each instalment to be based on current interest rates. Should you underpay or overpay on a given instalment, or interest rates change, we’ll automatically calculate if a new instalment amount is required, without changing your final instalment date. Finance instalments are a fixed rate option where…

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