Repaying early is easy and saves you money.
Got some extra cash and want to pay off the remainder of your Fundbox draw? Not a problem! At any point during the repayment plan, you can choose to repay the remainder of your draw in addition to your next weekly payment. We’ll waive all the fees of the remaining period so you only pay for the time during which you used the service.
Let’s say you repaid early in week 5. Fundbox would waive the fees for week 6 onwards, saving you a lot in fees. Just make sure to submit your request by 10am PST on Wednesday, so it's scheduled before debits are processed.
How do I schedule an early repayment?
Login to your Fundbox dashboard find the specific draw that you'd like to repay early. Now click on the green "Repay Early" button.
A sidebar will show you the transaction details and how much you will save in fees. Just click Confirm and the remainder of the draw will be repaid with your next scheduled payment (Wednesday).