How do I pay off my loan?
If you plan to pay off your loan at maturity, simply allow your autopayment to process as usual. The final payment will include any outstanding interest plus a balloon payment for the remaining principal.
If you'd like to refinance, you can apply for a new loan of equal or greater value before your current loan reaches maturity. Once the new loan is funded, you can use the proceeds to pay off the original balance.
We also offer rollover options for customers in good standing. If you're interested in rolling over your loan instead of refinancing, please reach out to loans@milo.io to submit your request.