This article is for the following products:
When you pay off extra, you'll save money on instalment fees (if you're on a fee bearing plan), as well as paying off what you owe faster.
Head to Payments in the app to make an extra payment. You can also add an extra payment to an existing Direct Debit if you're within the payment option window.
How extra payments affect your instalment plans
Here's how making an extra payment affects your instalment plans. We would apply the payment to your account in this order:
1) To pay any overdue balance, with the oldest overdue amount being paid first.
2) To pay the minimum payment due in that month.
3) To pay the remaining balance of the requested payment due in that month.
4) To pay any other outstanding balance on any instalment plans. 12 month instalment plan balances will be paid first, then 9 months, then 6 months, then 3 months and then pay in 1 month.
Lastly, the extra payment will go towards any balance which has not yet been allocated to an instalment plan. If you have more than one instalment plan of the same length, we'll allocate your payments first to the one which ends the soonest