Can I delay the start of repayments on my loan?

Published on: 21 April, 2022

Updated: 09 February, 2023


Repayments can be delayed for any loan made on Pigeon.

When creating or importing your loans, you can choose to delay the start of your repayment schedule up to the last month you allocate in your loan term. You can choose to delay the start of repayments for as long or as little as you would like within that time frame.

For example, if you create a loan that will last 16 months - you can delay the start of repayments for up to 15 of those months.

We'll remind both parties each month that your loan is ongoing, but no money will be due until you say so!

If your loan structure uses Compound Interest, please note that interest compounding will begin by default on the day your loan agreement is activated, and not upon the start of your first repayments. If you’d like to further customize the structure of the interest due on your loan, please reach out to us at

Just a Heads Up: Delaying the start of repayments is only available for Premium Loans made on Pigeon. Read more about pricing and fees for Premium Loans here

Was this article helpful?