We use VersaPay to set up the pre-authorized debit agreement for a loan and for processing all the payments on your loan.
After selecting your loan term, an email will automatically be sent to the email address supplied in your application. You will select Review this Agreement to be taken to VersaPay. A debit agreement page will be presented. On the debit agreement page, you will be asked to enter your bank account information. But don’t worry, all your information will be securely stored.
You will then be asked to set up a VersaPay account and to review and to agree to the debit agreement.