Payment is arranged by direct debit, to be collected automatically on a bi-weekly, semi-monthly or monthly cycle. Payment cycles are initially set automatically to align with the borrower's payroll, however borrowers may request a cycle change at any time, without charge.
Borrowers will receive a reminder by e-mail two days prior to the processing of each payment. Through the goPeer portal borrowers may additionally review their full repayment schedule, request payment deferrals, update their banking information, or complete missed or additional one-time payments.