Can I create a custom repayment schedule for my loan?

Published on: 21 April, 2022

Updated: 22 April, 2022

Of course you can!

Anytime you make a loan on Pigeon Loans, you can define exactly how repayments should be made throughout your loan term. Meaning if you want to create a balloon loan structure, front load interest, or even tier repayments to be due on a quarterly basis, we can support it all!

To create a custom repayment structure, simply look for the Advanced Settings option that will appear when you are defining the principal, term length, and interest rate on your loan. Once there, you'll then be given the opportunity to define the payment amount that will be due for each month of your loan term.

For example, if you have a loan that will last 10 months - we will ask you what the repayment amount should be for each one of those months. We'll save that schedule for you and apply it to your loan without you ever having to think about it again!

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