Why do I need to set up a Direct Debit mandate during my application?

We require customers to set up a direct debit mandate during the application process to ensure a seamless repayment experience.

Setting up the direct debit mandate at this stage does not mean any charges will be made immediately, but having a live mandate in place allows us to issue direct debit instructions automatically once a repayment is due, so you don’t have to worry about manually transferring funds or missing a payment.

This ensures a smoother experience by removing the need for additional setup later and helps you stay on top of your repayments effortlessly.