Can I create a custom repayment schedule for my loan?

Published on: 21 April, 2022

Updated: 07 February, 2023


Anytime you make a loan on Pigeon, you can define exactly how repayments should be made throughout your loan term. 

To create a custom repayment structure, simply look for that option while creating your loan. It will appear on the bottom of your screen when you are defining the principal, term length, and interest rate on your loan. Once there, you'll then be given the opportunity to define the payment amount that will be due each month of your loan term.

For example, if you created a loan that will last 10 months - we will ask you what the repayment amount should be for each one of those months. We'll save that schedule for you and apply it to your loan without you ever having to think about it again!

Just a Heads Up: Creating a custom repayment schedule is only available for Premium Loans made on Pigeon. Read more about pricing and fees for Premium Loans here.

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