What is Liquidation of a loan?

Created by Chinwendu Nwazojie, Modified on Mon, 18 Mar 2024 at 08:17 AM by Chinwendu Nwazojie

Understanding how to settle your loan early, known as liquidation or early repayment is key to managing your finances effectively. 

Liquidating your loan involves paying off your debt before the due date, whether in part or in full. Once you've settled your loan, the payment will be promptly updated in our system. You can easily initiate the liquidation process by visiting our website, which will guide you through the steps to make payment into your Veend account.

Click the link below to watch the steps on how to make a repayment.

Follow the step-by-step process on how to make a repayment.

  • Visit the website scroll down and click on check loan Repayment

  • Fill in your salary phone number

  • Click on Continue

  •  Enter the OTP sent to your phone

  • Click on Pay now

  • Click on Proceed

  • Send the money to the bank details shown and click on I have sent the money. The system automatically updates your payment on the system.

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