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Your Right to Repay Early

You have the legal right to pay out your Jingle loan early at any time. This right is protected under Australian consumer credit law and can help you save money.

Your Right to Repay Early

You have the legal right to pay out your Jingle loan early at any time. This right is protected under Australian consumer credit law and can help you save money.

What This Means for You

No penalties or early repayment fees – You will not be charged a penalty or fee to close your loan early. You’ll still need to pay any fees or interest that have already accrued, your outstanding principal balance, and any overdue/default fees (if applicable).

Small Loans (SACC) – Because these loans only have an establishment fee (20% of the loan) and a monthly fee (4% of the loan), paying early stops any future monthly fees from being charged.

Medium and Large Loans (MACC & LACC) – These loans include interest as well as fees. Paying out early reduces the interest you’ll pay, because interest is calculated across the loan term. Repaying your loan early means you avoid some of that future interest.

How to Pay Out Early

Step 1: Request a Payout Figure

Contact us to get your current payout amount:

Step 2: Receive Your Statement

We’ll provide you with a written payout figure within 7 days of your request (as required by law). This will show:

  • The exact amount needed to close your loan
  • The date the figure is valid until
  • How to make the payment
Step 3: Make the Payment

You can pay out using:

  • Bank transfer
  • Direct debit (if arranged)
  • PayID
Example – Small Loan (SACC)
  • Original loan: $1,000 over 6 months
  • Establishment fee (20%): $200
  • Monthly fees (4% × 6 months): $240

Total repayable if held full term: $1,440

After 3 months you’ve repaid: $620

($500 principal + $120 monthly fees)
Payout figure: $500 (remaining principal only)

You save: $120 in monthly fees that would have applied over the final 3 months.

Important Things to Know
  • Timing matters – Get a current payout figure before paying, as the amount changes daily as fees/interest accrue.
  • No minimum term – You can repay from day one if you like.
  • Requesting a payout figure doesn’t commit you – It’s simply an up-to-date quote.
  • No notice required – But it’s best to request a figure so your repayment closes the loan cleanly.
Ready to Pay Out Early?

Get in touch today:

We’ll provide you your payout figure within 7 days of request.

This information is general in nature. The exact payout amount will depend on your specific loan terms and current balance.

FAQs

More FAQs

Important Information
This website provides general information only and does not take into account your personal circumstances. All loans are subject to eligibility criteria, responsible lending checks, and credit assessment under the National Consumer Credit Protection Act 2009. Approval is not guaranteed. If approved, we’ll give you full loan details, including fees, charges, and repayment amounts, before you decide.
There’s no obligation to proceed.
¹ Funds are usually transferred within 60 minutes of final approval during business hours, depending on PayID availability, NPP access, and your bank’s processing times.
² Applications received outside business hours, on weekends, or public holidays are reviewed on the next business day (Mon–Fri, 9am–5pm AEST).
³ Most applications take 5–10 minutes to complete, but timing may vary depending on your device and the information you provide.
Our loans are designed for short- to medium-term personal purposes and may not be suitable for ongoing expenses or long-term borrowing.
See our Target Market Determinations for suitability criteria. Your personal information is protected in accordance with our Privacy Policy.
Jingle Finance Pty Ltd trading as Jingle Loans®
Australian Credit Licence 388143.

WARNING

Do you really need a loan today?

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan. If you are on government benefits, ask if you can receive an advance from Centrelink or phone 13 17 94.

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.