Direct Debit

When you settled your loan you may have supplied Medfin with a Direct Debit Authority which details the account for repayments to be paid from.

How do I change the account that my loan repayments are paid from?

If you would like to change the account details, simply contact us.

We may need to authenticate you for security purposes.

We will provide you with a Direct Debit Amendment form for completion.

You can nominate any Australian bank transactional account that supports direct debits providing that account:

  • has a BSB and account number; and
  • is in the same name of at least one of the borrowers on the loan.

How do I cancel the direct debit?

The easiest thing to do is to call us with the relevant details.

Have the following details ready:

  • your contract number details
  • your full account name

Important things to know about cancelling direct debits

  • Cancelling your direct debit does not cancel your loan contract.
  • If you still have a valid loan contract and you’ve cancelled a direct debit, you’ll need to make alternate payment arrangements.