The process of paying back the line of credit is simple. Your only obligation is to repay the minimum payment shown on your monthly statement.
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How do you pay your line of credit?
The process of paying back the line of credit is simple. You pay back part or all of the capital borrowed from your line of credit at your own pace. However, you must repay the minimum payment shown on your monthly statement.
How do I pay my NBC line of credit?
Repayment is made through electronic funds transfer from the client's personal account held at National Bank within 1 to 21 business days after the line of credit statement is produced.
How to pay a National Bank loan online?
From your web browser:
1
Sign in to your online bank.
2
Click Overview.
3
Select your loan.
4
Click Accelerated repayment.
5
Select Additional payment and follow the instructions, or select Pay all. Note that if you wish to pay your loan in full, do not enter any amount. Click directly on Continue. A summary page will appear.
How do I repay my personal line of credit?
Like a credit card, you will pay a monthly bill that shows your advances, payments, interest, and fees. There is always a minimum payment, which may be as much as the entire balance on the account. You may also be required to “clear” the account once a year by paying off the balance in full.
You have two options to pay your loan in full. You can visit a branch or call us at 1-888-835-6281. You can do so at any time, without penalty.
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