There are two ways to do this. You can either increase your monthly payments, or make a one time payment on top of your monthly payments.
To increase your monthly payments, do the following:
Tap on "Property" in your app
Choose the loan you want to change, and tap on your Term-amount
Change it to the desired payment.
Note that if you increase your monthly payment amount, you can't decrease it on your own.
If you'd rather make a one time extra payment, do the following:
Tap on "Property" in your app
Choose the loan you want to change, and tap on Pay Extra"
Choose how the extra payment will affect your loan.
Enter the desired amount
You can choose between a shorter loan or have the extra payment affect your monthly sum.
Your mortgage interest is automatically lowered if you reach a lower step based on your extra payment. You can see our price range here.
For an extra repayment to be included in the calculation of the loan-to-value ratio (LTV) against the property value, it must be made before the 15th of each month, as we update the property value relative to the loan amount once per month. We cannot guarantee that the interest rate will be reduced, as this depends on the updated property value.