Making your loan payments on time is an important factor in preventing unexpected – and unwanted – costs.

The interest on your loan is assessed daily, so it’s important to make all your payments on time. When you make a late payment, you not only pay more in interest, but you may also have to pay late fees. 

Late payments happen more easily than you’d think. For example, lost mail or bank holidays can cause your payment to post late. And forgetting to make a payment can happen to anyone. myHDFS.com allows you to manage your account online. You can:

• Set up recurring payments for no charge
• Make single, one-time payments for a small charge
• Enroll in paperless statements

Or go directly to the Payments page to begin managing your account online – and making sure your payments post on time, every time.