How can I pay off a Fair & Fast Loan in advance? How does that impact the total cost?

You can pay off your Fair & Fast Loan or make additional payments at any time. The overall interest costs/total costs associated with the Fair & Fast Loan are reduced if you pay it off early or make additional payments.

How to make a payment

Payments can be made in online banking by making a direct transfer to the loan, over the phone by calling our Member Services Centre (MSC) or in-person at a local Community Branch.

If you would like to pay off the loan online, please call the MSC to make sure there aren’t any fees pending before closing your loan account.

Related posts:

Do I need to be a Vancity member to apply for a Vancity Fair & Fast Loan? What if I have been a Vancity member for less than six months? Can I still apply for a Vancity Fair & Fast Loan? What kinds of income are eligible to qualify a Vancity Fair & Fast Loan? If I’m on disability can I qualify for a Vancity Fair & Fast Loan?