Your monthly repayments start one month later – on the exact date you've taken out the loan.
On this fixed due date, we’ll automatically collect the payment from your main Tide account. To make sure you don’t miss a payment, top up your primary Tide account the day before.
Before you confirm the loan, we’ll show you the repayment amounts and schedule. You can also see this on your Credit Flex dashboard. In your Tide app, tap:
Finance > Loans > Credit Flex
Can I pay off my Credit Flex loan early?
Yes, you can repay your loan before the 4 or 6 months are up. You’ll have to repay the full outstanding amount, including any interest accrued up to the date of full repayment.
Tap Support in the app to speak to us about this and we’ll help you.
Paying your loan from an external account when your Tide account is closed.
If you need to pay your loan from an external account, you should manually send the monthly repayment amount on the due date.
Early repayments with your external account
If you choose to make an earlier payment, please be aware that interest on your loan accrues daily.
An early payment will cover interest up to the date of payment, but a small amount of interest will still be accrued – for the days until your actual due date.
Here's what happens, when you pay your installment early:
Any additional money is allocated to your next repayment
The few days of uncovered interest will be due on your standard repayment date
This is not additional or extra interest – it is the actual interest due for the repayment.
To avoid falling into arrears, we strongly recommend making your repayments on the exact due date. This way the repayment flow will continue smoothly.
