FlexiPayment

Change your loan payment in Netbank

Sometimes all bills seem to fall due in the same month. With FlexiPayment linked to your housing loan you can decrease the loan payment for that month or set it to zero without requesting the bank’s permission.

When it seems that you have some extra money, you can pay a bigger instalment than normally.

Changes to the monthly payment extend or shorten the loan period. The right to change concerns instalments only. In any case, you pay the loan interest every month.

If your loan is interest subsidised (eg ASP loan), has a state guarantee, ownGuarantee taken before 1 December 2011 or fixed interest, you cannot link Flexipayment to your loan. Usually the amount of FlexiPayment can be 10% of your loan amount at the most.

Benefits of FlexiPayment

• You can link FlexiPayment to both old and new loans.
• You can change the instalment of your loan within the limits you have agreed with the bank.