Manage your family loan with ease, with our automated repayment features
plej gives you complete and automated control over your family loan.
Check out our sophisticated features below.
- Automatic transfer of repayments from borrower to lender via direct debit
- Friendly reminders for upcoming and missed repayments
Automate and track
repayments
We collect the loan repayment and pass it to the lender. For you, this means no more awkward conversations about payments.
Make quick and easy
changes to the loan
When the situation changes, we're here to support you. Make changes easily under an approval process
- Provide repayment holidays, extend the term, or change interest rate
- We'll calculate the new repayment schedule
- Approval flow ensures all parties are informed
Bring an existing loan with our easy process
1
Create your loan
Agree the loan terms formally using our step-by-step approach.
2
Send the funds
The lender sends the funds directly to the borrower.
3
Repayments
We automatically debit repayments and remit to the lender.
4
Tools
We provide the tools to make your life easier.
Powerful features to
manage and track your loan
Stay on top of all loan details and make easy changes at any time with our fully automated online platform.
Manage your loan
Repayment holidays
Set any number of upcoming repayments to be “holidays”, giving the borrower a chance to catch up if they are short on funds.
Extend loan term
Add more time onto the loan. plej will automatically recalculate and produce a new repayment schedule.
Change interest rate
Change the interest rate at any time. plej will automatically apply the new rate to all future repayments and display a new schedule.
Stay informed
Repayment tracking, confirmations, and nudges
Automatic notification of upcoming payments, payments made, and reminders if a payment is late.
