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What happens if I miss a repayment?

If you miss a payment, you will be charged a late payment fee of:

  • if you are party to an interest-free short-term loan – $15 per missed payment (capped at $100); or if you are party to an interest-bearing long-term loan – $20 per missed payment (capped at $150).

If you are experiencing difficulty in making repayments due to hardship, please contact us immediately so that we may find a way forward. Please visit our financial hardship page for further information.

Still Need Help?

Find answers to your questions and get the most out of Elevant by checking out our FAQs. We’re here to assist you with any further inquiries or issues you might have.