Square Loan: How Does Repayment Work?

Jrstudio · ‎12-18-2022

[The title of this thread has been edited from the original: Re: square installment payment methods]

How soon do loans have to be repaid? Is it right away or is there a grace period?

Nancy__ · ‎12-20-2022

@Jrstudio ,

Thanks for taking the time to post.

Thats a great question! Since this is account specific, I've messaged you directly.

Feel free to reach out to us directly if you have any additional questions!

Nancy__
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.

Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc. All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.