Both the lender and the borrower will need to sign up to PayMyParents
This can be a new loan or an existing loan you want to bring over to our system
Both parties sign the formal loan agreement provided by PayMyParents
The Lender transfers the money to the Borrowers bank account via their personal internet banking. Repayments are then automatically transferred between user’s bank accounts via PayMyParents
PayMyParents is designed to help users easily manage their loans in a secure, online environment. PayMyParents does NOT provide any funds for the loan.
The PayMyParents platform can be used to manage any of these options: